Summary by Moomoo AI
Dongying Travel Holdings Limited (the “Company”) announced the results for the year ended 31 December 2023, with a significant increase in revenue of 595.2% to approximately HK$1,366,020 thousand, while gross profit also increased by 773.9% to approximately HK$339,768 thousand. The profit attributable to the Company's owners was converted from a loss of HK$74,299 thousand to a profit of HK$71,657 thousand and a profit of HK$14.26 cents per share. The results reflect a strong recovery in the tourism market, particularly the lifting of travel restrictions in Hong Kong and Japan, which has stimulated demand for outbound tourism. Our tourism-related businesses include tours, leisure products, ancillary travel-related products and services, and merchandise sales, and hotel ownership, development and operation. Looking ahead, the company will continue to explore new market opportunities and increase brand awareness through diversified promotions to meet changing customer needs.