Yinghai Group (08668) announced results for the first three quarters of 2023, with revenue of approximately HK$63.2 million, up 670.7% year on year. The owners of the company should account for unaudited profit of approximately HK$2.284 million during the period, net loss of HK$7.815 million for the same period last year; basic and diluted earnings per share were HK0.19 cents.
According to the announcement, the sharp increase in revenue is mainly due to the gradual recovery of the Macau tourism industry with the implementation of the easing policy, and the increase in revenue generated by selling and distributing hotel rooms, providing car rental services, selling tickets for concerts and performances, and investing in concerts and performances.