Zhitong Financial App News, Tokyo Central auction (01939) released results for the year ended March 31, 2022, with earnings of HK $79.597 million, down 1.4% from the same period last year; profit attributable to shareholders was HK $8.434 million, up 0.8% from the same period last year; and basic profit per share was HK1.69 cents. Proposed final dividend of HK1 cents per share.
During the reporting period, the Group's gross profit decreased by approximately 1.4 per cent to approximately HK $69 million compared with the same period in 2021, in line with the decrease in earnings. The overall gross margin remained stable at 86.6% (2021: 86.7%) during the reporting period. The gross profit margins of art auctions and related businesses and art sales are about 87.8% (2021: 90.0%) and about 25.1% (2021: 8.2%), respectively. The overall gross margin during the reporting period remained stable compared with the same period last year.