China's Bolton (03318) announced annual results for the year ended December 31, 2023, with revenue of 2,064 billion yuan...
According to Zhitong Finance App, China's Bolton (03318) announced annual results for the year ended December 31, 2023, with revenue of RMB 2,064 billion (RMB, same below); profit attributable to company owners of RMB 146 million, an increase of 202.94% over the previous year; and basic and diluted earnings per share of 0.14 yuan.
For the year ended December 31, 2023, net profit was approximately $141 million, an increase of 66.5% over the previous year. This increase is mainly due to a decrease in the proceeds from the sale of the Group's two Korean subsidiaries for the year ended December 31, 2023 and the amount of provisions for litigation claims offset by net impairment losses on financial assets. The net profit margin increased to approximately 6.8% during the year (2022:3.6%).