Glonghui, March 27, 丨 Hong Kong Science and Technology Exploration (01137.HK) announced the results for the year ended December 31, 2023. Under the combined influence of many challenges in economic recovery and investment in new exploration projects to achieve long-term sustainable growth, the Group's performance in 2023 showed limited growth, but it was still able to maintain profitability.
a. The total volume of goods ordered by the Group in 2023 reached HK$8.424 billion (2022: HK$8.276 billion);
b. Net profit of HK$45.3 million in 2023 (2022: HK$212 million);
c. The adjusted earnings before interest, tax, depreciation and amortization for 2023 was HK$123 million (2022: HK$316 million).
The balance sheet showed solid performance, with a net cash and working capital position of HK$935 million. The decrease was mainly due to HK$111 million being used for share repurchases during the year.