China Hengyouyuan Group (08128) announced results for the first three quarters of 2023, with revenue of HK$61.195 million, a year-on-year decrease of 12.69%. Profit attributable to owners of the parent company was HK$3,523 million, loss attributable to the same period last year of HK$43.231 million; profit per share of HK$0.078 cents. Turned a year-on-year loss into a profit.
According to the announcement, the improvement in performance was mainly due to rebates and lower costs and expenses.