Glonway July 2nd 丨Baiyue Group (08545.HK) disclosed full-year results for the year ended March 31, 2023 (“FY2022/23”), achieving revenue of HK$236 million, up 9% year on year; gross profit of HK$457.36 million, up 31.2% year on year; gross margin increased from about 16.1% last year to about 19.4% of this year; corporate equity holders should account for net profit of HK$5.762 million, with net profit of HK$1.481 million in the previous fiscal year; profit of HK$0.49 cents per share.

The increase in gross profit is mainly due to a sharp increase in the distribution of imported toys and related products, and the profit margin for distributing imported toys and related products is relatively high among many business segments.