Junko Holdings (08035) announced its 2023 results, with revenue of approximately HK$265.6 million, a year-on-year decrease of about 48...
According to the Zhitong Finance App, Jungao Holdings (08035) announced its 2023 results, with revenue of approximately HK$265.6 million, a year-on-year decrease of about 48.2%. The annual loss attributable to the company owner was approximately HK$18.2 million, and the annual profit attributable to the company owner in 2022 was approximately HK$4.5 million. Loss per share was HK3.03 cents.
According to the announcement, the loss was mainly due to a decrease in gross profit from air freight and shipping agency services. The reason was that due to the COVID-19 outbreak and economic downturn, the recovery in air tonnage and sea freight volume was slower than expected, leading to a decrease in freight charges collected from Group customers; a decrease in gross profit and gross margin for logistics and warehousing services. The reason was that the Group completed the appointment of the Hong Kong Government to distribute epidemic prevention service packages and electronic bracelets in January 2023; loss of withdrawal of life insurance policies; and no subsidies granted by the Hong Kong Government under the Employment Insurance Plan under the Anti-epidemic Fund.