China New Cons Group (08275) announced its annual results for the year ended March 31, 2024, with revenue of about HKD 140 million, a year-on-year increase of about 3.6%. The attributable net profit of the owners of the company was about HKD 8.4 million, while in the same period last year, the attributable net loss of the owners of the company was about HKD 26.8 million. Earnings per share were 2.21 Hong Kong cents.
Zhongtong Finance APP learned that China New Cons Group (08275) announced its annual results for the year ended March 31, 2024, with revenue of about HKD 140 million, a year-on-year increase of about 3.6%. The attributable net profit of the owners of the company was about HKD 8.4 million, while in the same period last year, the attributable net loss of the owners of the company was about HKD 26.8 million. Earnings per share were 2.21 Hong Kong cents.
It is reported that the net amount of attributable net profit of the owners of the company is mainly due to the net impact of the following items: (1) better control of the cost of construction projects, resulting in an increase in gross profit; (2) an increase in income from the sale of private equity investments; and (3) an increase in salary and legal and professional fees, resulting in an increase in administrative expenses.