Taisheng Group (00687) announced results for the year ended December 31, 2023. The group obtained 27 profits...
According to the Zhitong Finance App, Taisheng Group (00687) announced the results for the year ended December 31, 2023. The group achieved revenue of HK$2,703 billion, an increase of 9.28% over the previous year; losses attributable to the common shareholders of the company were HK$1.338 million, compared with a profit of HK$4.525 million for the same period last year; loss per share was 0.39 HK cents.
In the year under review, the Group's Foundation Piling Classification had a turnover of approximately HK$2,703 billion (December 31, 2022: HK$2,459 million). The classification recorded a profit of approximately HK$25 million (December 31, 2022: profit of HK$94 million). In the year under review, the reduction in classification profit was mainly due to the need to allocate additional resources to address unforeseen land conditions and site restrictions in a project.