According to the Zhitong Finance App, China Infrastructure Investment (00600) announced the results for the year ended December 31, 2023. The group achieved a profit of HK$12.112 million during the period, an increase of 346.11% over the previous year; the loss due to the company owner was HK$152 million, a year-on-year decrease of 33.1%; and the basic loss per share was HK35.68 HK cents.
According to the announcement, the reduction in losses attributable to shareholders was mainly due to losses of approximately HK$544,000 (2022: approximately HK$3.393 million); confirmed impairment losses of approximately HK$43,196 million (2022: HK$178 million) on financial assets under the anticipated credit loss model; and losses attributable to associated companies of HK$0 (2022: HK$766,000).