Gelonghui, March 8, 丨 China Chengtong Development Group (00217.HK) announced that for the year ended December 31, 2023, the Group's consolidated turnover decreased by 42%, while revenue from the leasing business increased 46% to about HK$604 million this year, accounting for 82% of the Group's consolidated turnover. The Group's overall gross margin for the year was 40%, an increase of 20% year-on-year, mainly due to the suspension of the low-profit commodity trading business. This year's profit before tax was approximately HK$122 million, similar to last year.
The Group remains confident in its core business. The Board of Directors has decided to recommend a final dividend of HK0.34 cents per common share. This is the fourth year in a row that dividends have been declared.