Century Group International (02113) released annual results, with a net loss of HK$22.544 million, down 6.2% year-on-year

Zhitong Finance ·  Jun 29, 2023 06:46

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.

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