According to the Zhitong Finance App, WING ON CO (00289) announced the results for the year ended December 31, 2023. The Group's revenue was HK$1,056 million, up 1.46% year on year; profit attributable to shareholders was HK$123 million, while losses of HK$301 million were recorded in the same period last year; profit per share was 42.4 HK cents; and proposed final dividend of HK$0.6 per share.
According to the announcement, the Group's current business strategy is to focus on operating the department store business and increasing rental income from commercial property investments, both of which are the Group's core business and major revenue and profit contributors. Yongan Department Store is a well-known household goods brand. It has been in business in Hong Kong for 116 years. The Group knows very well and adapts in a timely manner to meet the changing needs of customers. The Group is confident that the department store will continue to satisfy customers. In addition to its core business, the Group also invests in equity securities, debt securities and investment funds managed by professional investment managers. The Group is financially sound and will continue to strengthen its core business and seek opportunities to expand its business to improve profits.