World (Group) (00713) announced its 2023 annual results, with a turnover of HK$381 million, a year-on-year decrease of 3...
According to the Zhitong Finance App, World (Group) (00713) announced its full-year results for 2023, with turnover of HK$381 million, a year-on-year decrease of 39.45%; annual loss of HK$172 million, a year-on-year narrowing of 19.36%; basic and diluted loss per share of HK21.8 cents.
In terms of household products, the annual turnover was HK$62.62 million, a year-on-year decrease of 51.8%. The division's business achieved a profit of HK$4.813 million.
In terms of PVC pipes and fittings, due to the fact that the production plant in Pinghu was originally located in Pinghu to meet the land acquisition needs of the government's land concession plan project for industrial land concessions, a temporary plant in Dongguan was still leased for transition production this year, and the business was affected. This year's turnover was HK$316 million, a year-on-year decrease of 36.4%. The division's business lost HK$33.436 million.
Changes in the fair value of property investments and other long-term assets resulted in losses of HK$1.083 million and HK$106 million respectively.