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Sundart net profit up 97pc as orders flow in

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Sundart International Holdings, the fitting-out contractor that listed in August, said yesterday revenue grew 104 per cent to HK$1.21 billion for the first six months to September, while net profit rose 97 per cent to HK$120 million.

The company designs and constructs fixtures, furnishings and interiors for residential, commercial and hotel projects.

Its shares rose 13.9 per cent to HK$3.03 yesterday, when the firm announced its interim results.

At the same time, the company said it hoped to win billions in new orders from the Middle East and the mainland in the coming months.

Sundart is working on tendering for three projects in Qatar - the New Doha International Airport, the New Intercontinental Hotel and Qatar National Bank, financial controller Sunny Yip Chun-kwok said.

The three projects could represent HK$2 billion for the next two years, he said. 'We won't take all the HK$2 billion in projects even if it was offered to us. We will probably do HK$1 billion.'

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