South Gobi (01878) announced results for the year ended December 31, 2023, and the group achieved a profit of 3.3...
According to the Zhitong Finance App, South Gobi (01878) announced the annual results for the year ended December 31, 2023. The group achieved revenue of US$332 million, an increase of 353.6% over the previous year; the net profit attributable to the company's equity holders was US$908,000, with a loss of US$30.19 million in the same period last year; earnings per share were US$0.003.
The company achieved operating profit of US$75.9 million in 2023 and operating profit of US$13.6 million in 2022. Financial results in 2023 were affected by improved market conditions in China, expansion of sales networks, and diversification of the customer base.