Jianye Jianrong (01556) announced the results for the year ended December 31, 2023. The group achieved revenue of 21...
According to the Zhitong Finance App, Jianye Jianrong (01556) announced the results for the year ended December 31, 2023. The group obtained revenue of HK$2,122 billion, up 17.53% year on year; profit attributable to the company's equity holders was HK$120 million, an increase of 25.45% year on year; profit per share was 8.03 HK cents, with a proposed final dividend of 2 HK cents per share and a special dividend of 2 HK cents per share.
According to the announcement, the increase in revenue was mainly due to increased contributions from the foundation sector, which increased from HK$1,453 million in the previous year to HK$1,761 million in the reporting year, an increase of HK$307.7 million or 21.2%. The increase in revenue is due to the ideal progress of several large foundation contracts. In particular, contract revenue from the public sector accounts for a very large portion of the company's foundation revenue. As for the drilling sector, the revenue contribution also increased moderately from HK$352.5 million in the previous year to HK$361.4 million in the reporting year, an increase of HK$8.9 million or 2.5%. The increase in revenue in the drilling division was mainly due to the booming site exploration and downhole drilling market in the second half of 2023, and the company's production also increased during this period.