According to the Zhitong Finance App, Kuang Yi International (01683) announced its annual results for the year ended December 31, 2021, with revenue of HK$247 million, up 118.38% over the previous year; the company's owners should account for a profit of HK$4.987 million, while the loss attributable to company owners was HK$8.266 million for the same period in 2020; profit of HK$0.82 per share.
According to reports, the group turned a loss into profit during the period mainly due to an increase in gross margin in the construction and ancillary services and consumer products business, a decrease in anticipated credit loss provisions, and no annual losses from terminated operations.