Gelonghui, March 14, 丨 Dragon Resources (01712.HK) announced that for the year ended December 31, 2023, the Group will sell 20,893 ounces of gold (2022:20,296 ounces of gold) at an average gold price of 1,943 US dollars per ounce (2022:1,802 US dollars per ounce). As a result, the Group's revenue increased 15.2% to $604.95 million.
Customer revenue increased 15.2% (2022:5.0%), while sales costs increased by 20.8% (2022:13.7%), resulting in a 19.0% decrease in gross profit (2022:28.6% decrease), to 5.945 million Australian dollars (2022:7.341 million Australian dollars) and gross margin of 9.8% (2022:14.0%). Profit attributable to the company's shareholders was 5.189 million Australian dollars, an increase of 108.5% over the previous year.