Gelonghui (01631.HK) announced on March 6 | REF Holdings (01631.HK) announced that for the year ended December 31, 2023, profit attributable to company owners increased 5.0% from the previous year to HK$11.7 million this year, while revenue decreased 4.4% year-on-year to HK$124.0 million this year.

The decrease in revenue was mainly due to the further extension of the existing initial public offering project on hand, so the revenue from printing services decreased by 20.7% year-on-year to approximately HK$64,911,000. The decrease in revenue from printing services was partially offset by significant sales and marketing measures taken by the Group for translation services. Revenue from translation services increased by 33.0% year-on-year to approximately HK$47,854,000.