On June 26th, Gelonhui reported that revenue of Wecon Holdings (01973.HK) for the year ended March 31, 2024 was HKD 1.16 billion, a year-on-year increase of 33.52%; the company's net profit attributable to the owners of the company was HKD 6.001 million, a year-on-year increase of 0.91%; and basic earnings per share was HKD 0.008. The final dividend of ordinary share is proposed to be HKD 0.012 per share.
The group's gross profit increased from approximately HKD 39 million for the year ended March 31, 2023 to approximately HKD 45.1 million for the year ended March 31, 2024, an increase of approximately HKD 6.1 million or approximately 15.6%. For the years ended March 31, 2024 and 2023, the group's gross margin were approximately 3.9% and 4.5%, respectively, with a slight decrease of approximately 0.6 percentage points.