Dragon Rise GP (06829) announced its annual results for the year ending March 31, 2024, with revenue of about 946 million Hong Kong dollars, an increase of 20.31% year-on-year. The company's equity holder's share of net profit was approximately 4.2 million Hong Kong dollars, a decrease of 47.14% year-on-year. Basic and diluted earnings per share were approximately 0.35 Hong Kong cents.
According to the announcement by the Futubull Finance APP, Dragon Rise GP (06829) announced its annual results for the year ending March 31, 2024, with revenue of about 946 million Hong Kong dollars, an increase of 20.31% year-on-year. The company's equity holder's share of net profit was approximately 4.2 million Hong Kong dollars, a decrease of 47.14% year-on-year. Basic and diluted earnings per share were approximately 0.35 Hong Kong cents.
The announcement stated that the increase in revenue was mainly due to an increase in the number of projects contributing revenue during the review year, resulting in an increase in contract revenue. The decrease in net profit margin was mainly due to the expected credit loss provision for trade receivables and contract assets and the comprehensive impact of net increase and other (loss) / income on net decrease during the year under review.