Summary by Futu AI
Taikoo Corporation B (Taikoo B) announced its 2023 annual results. The company's shareholders expected a profit of HK$288.53 billion, a significant increase of 588% compared to 2022. Underlying profit was HK$361.77 million, an increase of 662%. Operating basic profit was HK$104.49 million, an increase of 175%. Total revenue was HK$948.23 million, an increase of 3% over the previous year. Operating profit was HK$306.21 billion, an increase of 150%. The fair value of invested properties changed to HK$28.6 million, down 453 percent. Cash from operations was HK$144.79 million, an increase of 20%. The net cash inflow before financing was HK$29.47 million. Total equity was HK$3247.74 million, an increase of 3%. Net debt amounted to HK$551.36 million, a decrease of 3%. The capital-to-net debt ratio was 17.0%, down 1.0 percentage points. Earnings...Show More