On June 27th, Gelunhui reported that Shun Wo Group (01591.HK) achieved revenue of about 33.34 million Hong Kong dollars for the year ending March 31, 2024, an increase of 6.6% compared to the same period last year ending on March 31, 2023. The group's annual net profit was about 3.95 million Hong Kong dollars, while the annual net profit for the same period ending March 31, 2023 was about 1.89 million Hong Kong dollars.

The growth in revenue and net profit is mainly due to several large ground engineering projects awarded to the group in previous years still being in continuous progress. The net profit was offset by the compensation of approximately 23.6 million Hong Kong dollars for breach of contract and confirmed loss caused by unexpected delays in several highly complex projects.