Baoyuan Holdings (08601) announced its 2023 results, with revenue of approximately HK$170 million, up 14.14% year on year; net profit of HK$28.229,000, up 52.8% year on year; and earnings per share of HK3.53 cents.
According to the announcement, the improvement in performance was mainly due to an increase in awarded projects and an increase in productivity as the Hong Kong Government lifted all COVID-19 restrictions in early 2023.