Guorui Life (00108) announced its annual results for the year ended December 31, 2023. The group obtained revenue during the period...
According to the Zhitong Finance App, Guorui Life (00108) announced the results for the year ended December 31, 2023. The group achieved revenue of HK$353 million during the period, an increase of 0.1% over the previous year; losses attributable to shareholders were HK$129 million, a year-on-year decrease of 59.61%; and the basic loss per share was HK4.04 cents.
According to the announcement, the decrease in losses was mainly due to the combined effects of the following during the year: an increase of about HK$142 million in remeasured income after the conversion of a number of sold properties into investment properties; a decrease of about HK$16.987 million in net other expenses; a decrease of approximately HK$8.297 million in utilities, maintenance and rent expenses; and an increase of about HK$16.642 million in other revenue and revenue.