Zhitong Financial App News, Century Group International (02113) released its results for the year ended March 31, 2023, with an income of HK $132 million, down 60.2% from the same period last year; a net loss of HK $22.544 million, down 6.2% from the same period last year; and a basic loss of HK3 cents per share.
During the period, revenue from both the Construction Division and the Trade Division decreased significantly by about 44.0% and about 95.1%, respectively. Fierce competition and high material prices have led to a significant decline in the number of winning projects and trade volume.