Zhitong Financial APP News, Baolian Holdings (08201) announced its results for the year ended June 30, 2023, with a profit of HK $395 million, an increase of 6.77% over the same period last year, and a loss of HK $10.677 million per share compared with a profit of HK $10.677 million for the same period last year.
The announcement said that the increase in earnings was mainly due to the acquisition of a number of commercial, hotel and transport segment service contracts in the year ended June 30, 2023, which increased the revenue of the environment and cleaning services business in Hong Kong by about HK $36 million to about HK $372.9 million (2022: about HK $336.9 million). The loss of a number of cleaning services contracts during the year reduced the revenue from the Shanghai business by about HK $5.4 million. And after the decrease in the average loan balance granted by the Group during the year, the net impact of a decrease in interest income from the money lending business by about HK $5.5 million.