Zhitong Financial APP News, Honghe Group (01591) announced its results for the year ended March 31, 2023. The group earned a profit of HK $313 million, an increase of 29.14% over the same period last year. The profit attributable to the owners of the company was HK $18.932 million, compared with a loss of HK $4.495 million in the same period last year.
According to the announcement, the increase in revenue was mainly due to a number of large construction projects awarded to the Group in 2021 and 2022 during the year under review.