Australian Energy Construction (01183) announced its annual results for the year ended December 31, 2023. The Group's revenue was about 14.9...
According to the Zhitong Finance App, Australian Energy Construction (01183) announced its annual results for the year ended December 31, 2023. The group's revenue was about MOP 1,496 billion, up about 11.5% year on year; net profit was about MOP 5.6 million, down about 93.9% year on year; and gross profit was about MOP 121 million, down about 13.9% year on year.
According to the announcement, the decline in net profit was mainly due to (i) an increase in distribution costs and administrative expenses due to business expansion; and (ii) an impairment loss of MOP 27.1 million under the confirmed expected credit loss model.