White Flower Oil (00239) announced its 2023 annual results, with revenue of HK$259 million, an increase of 76.1% year over year...
According to the Zhitong Finance App, Baihuayu (00239) announced its full-year results for 2023, with revenue of HK$259 million, up 76.1% year on year; reported profit of HK$105 million, up 250.7% year on year; basic recurring profit of HK$119 million, up 195.9% year on year; reported profit of HK33.7 cents per share; plans to distribute a final dividend of HK3.8 cents per share and a special final dividend of HK8.2 cents per share.
According to reports, the sharp increase in basic recurring profit was driven by improved performance in the healthcare business (especially in the Chinese market). Despite the impact of the reduction in the non-cash fair value of the company's investment properties, the company's reported profit in 2023 surged 250.7% to HK$105 million from HK$30 million in 2022.