Grace Life Technology (02112) announced its annual results for the year ended December 31, 2023. The group achieved...
According to the Zhitong Finance App, Grace Life Technology (02112) announced the results for the year ended December 31, 2023. The group achieved revenue of US$27.255 million during the period, a decrease of 16% year on year; loss due to company owners was US$395.66 million, a decrease of 29% year on year; and a basic loss of 2.63 cents per share.
According to the announcement, the Group's revenue from sales of iron ore products reached US$8.6 million for the year ended December 31, 2023, while revenue of US$2.8 million was obtained for the year ended December 31, 2022. Gross profit of approximately USD 2.8 million was obtained for the year ended 31 December 2023, and approximately USD 2.5 million was obtained for the year ended 31 December 2022. The increase in gross profit was mainly due to cost control measures implemented by the Group during the year.