Wing chi hldgs (06080.HK) announced that as of the year ending March 31, 2024, its annual revenue was approximately HK$672 million, a year-on-year increase of approximately 25.1%. The net profit attributable to the owners of the company is approximately HK$3.7 million, while the net profit attributable to the owners of the company as of the year ended March 31, 2023 was approximately HK$9.8 million. Earnings per share are approximately 0.4 HK cents, while earnings per share as of the year ended March 31, 2023 were approximately 1.1 HK cents. The board of directors does not recommend the payment of final dividends for this year.

The decrease in net profit attributable to owners of the company is mainly due to (i) no subsidy was received from the Hong Kong SAR Government's Employment Support Scheme (approximately HK$6 million in subsidy was received as of the year ended March 31, 2023), and (ii) competition in the foundation and site preparation market resulted in a decline in gross margin as of the year ended March 31, 2024.