Debao Group Holdings (08436) announced its 2023 annual results, with earnings of HK$216 million, up 3% year on year; net profit of HK$14.658 million, up 1354.2% year on year; profit per share of HK3.7 cents.
According to reports, the year-on-year increase in net profit was mainly due to the shift in product portfolios to products with higher interest rates, a decrease in sales costs; an increase in interest income; and a decline in exchange losses.