Shengbai Holdings (02340) announced its 2023 results. Revenue from continuing operations was approximately HK$155 million, a year-on-year decrease...
According to the Zhitong Finance App, Shengbai Holdings (02340) announced its 2023 results. Revenue from continuing operations was approximately HK$155 million, a year-on-year decrease of 31.21%; net loss of HK$15.244 million, net profit of about HK$437 million in 2022; basic loss per share of HK$3.6 million.
According to the announcement, the decline in revenue was mainly due to the lack of sufficient new internal and special supplementary orders during the reporting year, as well as disruptions in the work progress of the existing interior decoration and special project business.