Unity Group International Limited announced its annual report as of March 31, 2024, approved for release by the board of directors on September 6, 2024. The report shows that the company's revenue increased by 98.7% from HKD 46.6 million to HKD 92.6 million compared to the previous fiscal year; gross profit also increased by 104.7% from HKD 27.7 million to HKD 56.7 million. The company's EBITDA turned from a loss of HKD 8.6 million to a profit of HKD 21 million, with annual profit improving from a loss of HKD 24 million to a profit of HKD 11.6 million. Excluding significant non-recurring items, adjusted profit transformed from a loss of HKD 63.7 million to a profit of HKD 36.3 million. Basic and diluted earnings per share were HKD 0.28 and HKD 0.08 respectively. The company...Show More

Unity Group International Limited announced its annual report as of March 31, 2024, approved for release by the board of directors on September 6, 2024. The report shows that the company's revenue increased by 98.7% from HKD 46.6 million to HKD 92.6 million compared to the previous fiscal year; gross profit also increased by 104.7% from HKD 27.7 million to HKD 56.7 million. The company's EBITDA turned from a loss of HKD 8.6 million to a profit of HKD 21 million, with annual profit improving from a loss of HKD 24 million to a profit of HKD 11.6 million. Excluding significant non-recurring items, adjusted profit transformed from a loss of HKD 63.7 million to a profit of HKD 36.3 million. Basic and diluted earnings per share were HKD 0.28 and HKD 0.08 respectively. The company's total assets were HKD 0.4684 billion, total liabilities were HKD 0.1543 billion, and net assets were HKD 0.3141 billion. The report also mentioned the company's strategic focus on the UAE, Middle East, and Malaysian markets, advocating for environmental, social, and governance (ESG) and sustainable development. The company held important signing ceremonies with key partners in the Middle East to promote energy-saving and wind power solutions. Plans include expanding in the UAE and Malaysian capital markets, and accelerating business development in Malaysia. The company expressed its gratitude for the ongoing support of shareholders and the team's dedication over the past year. Additionally, the company has adopted the new amended Hong Kong Financial Reporting Standards effective April 1, 2023, and adjusted accounting policies for the abolition of the Hong Kong Mandatory Provident Fund and Long-Service Payment offset mechanism. It is expected that the new or revised Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial performance and position and/or disclosures in the consolidated financial statements.