Zitong Financial App News, Alpha Enterprises (00948) announced its results for the year ended March 31, 2023, with revenue of HK $363 million, down 17.2% from the same period last year; net profit of HK $1.315 million, compared with a loss of HK $31.644 million in the same period last year; and basic profit per share of HK0.4 cents.
During the period, the Group's income from continuing operations decreased compared with last year, due to changes in the portfolio of milk powder brands sold by the Group over time, with an increase in the sales size of "Bellamy" and the termination of "A2" sales during the year. Changes in the product portfolio from time to time are regarded as a normal and common phenomenon in the business operation of the dairy product business.