Gelonghui June 29th 丨Xunhe Group (01591.HK) announced that for the year ended March 31, 2023, the company's revenue was HK$313 million, up 29.14% year on year; the company's shareholders' earnings during the period were HK$18.932 million, compared with a loss of HK$4.495 million for the same period last year; basic earnings per share were HK$0.47 cents.

The increase in earnings was mainly due to the Group undertaking a number of large-scale construction projects awarded in 2021 and 2022 during the review year.

As of March 31, 2023, the Group had a total of 12 ongoing projects (including projects that have started but not yet completed and projects that have been awarded but not yet started). The original contract amount for these projects was approximately HK$569.5 million.