According to the Zhitong Finance App, Century Group International (02113) announced results for the year ended March 31, 2023, with earnings of HK$132 million, down 60.2% year on year; net loss of HK$22.544 million, down 6.2% year on year; and basic loss of HK3 cents per share.
During the period, the Construction Division and the Trade Division both achieved sharp declines in earnings of about 44.0% and 95.1% respectively. Intense competition and high material prices have led to a sharp drop in the number of winning projects and trade transactions.