Jianlian Group (00385) announced its annual results for the year ended December 31, 2023, with revenue of about 5.982 billion...
According to the Zhitong Finance App, Jianlian Group (00385) announced results for the year ended December 31, 2023, with revenue of approximately HK$5.982 billion, up 1.41% year on year; profit attributable to company owners of HK$25.734 million, while a loss of HK$10.197 million was recorded in the same period in 2022; profit per share of HK4.3 cents; and proposed final dividend of HK$2.5 per share.
According to reports, the increase in revenue is mainly due to the ideal progress of several large-scale foundation contracts. In particular, contract revenue from the public sector accounts for a very large portion of its foundation division's revenue, and its drilling division also received a moderate increase in revenue due to the booming development of the site exploration and downhole drilling market in 2023.