Zitong Financial App News, Ruiqiang Group (08427) announced its results for the year ended May 31, 2023, with revenue of 30.301 million ringgit, an increase of 42.35% over the same period last year. The profit attributable to the owners of the company was 88000 ringgit, compared with a loss of 1.923 million ringgit in the same period last year.
It is understood that the Group's return to profit during the period was due to an increase in revenue for the year ended 31 May 2023, an increase in the cost of sales for the year ended 31 May 2023, and the net impact of an increase in administrative expenses incurred by the Group for the year ended 31 May 2023.