Zhitong Financial App News, Shanghai and Hong Kong Union (01001) released its annual results for the year ended March 31, 2023. The group earned HK $2.658 billion in income during the period, down 5.3% from the same period last year. Profit attributable to shareholders is HK $82.846 million, up 26.5% from the same period last year; basic profit per share is HK12.94 cents; proposed final dividend of HK1.5 cents per share.
The announcement said that despite the severe economic environment, the Group is still committed to maintaining its cost-effective steel procurement mechanism, improving steel processing efficiency, improving its leasing strategy, and implementing a number of cost control measures. As a result, the Group has once again delivered satisfactory performance this year. Affected by the severe epidemic and the high base effect of last year, the group's revenue decreased slightly by 5.3% compared with the same period last year.