Weicheng International Holdings (08107) announced the results for the year ended December 31, 2023, and the group made profits...
According to the Zhitong Finance App, Weicheng International Holdings (08107) announced the results for the year ended December 31, 2023. The group achieved revenue of HK$87.229 million, a year-on-year decrease of 45.61%; the company owner's losses were HK$34.156 million, compared with a profit of HK$4.898 million for the same period last year; loss per share was HK$27.08 cents.
According to the announcement, the major factors leading to changes in profitability were mainly a sharp drop in the Group's sales volume of clothing products in 2023, an increase in sales costs, and an increase in administrative and sales expenses.