Progressive P (01581) released its annual performance for the year ended March 31, 2024, with revenue of HKD 729 million, a year-on-year increase of 42.56%. The company's owner enjoyed a surplus of HKD 22.223 million, compared with a loss of HKD 21.959 million in the same period last year. Earnings per share were 5.36 Hong Kong cents.
Jintong Finance APP News, Progressive P (01581) released its annual performance for the year ended March 31, 2024, with revenue of HKD 729 million, a year-on-year increase of 42.56%. The company's owner enjoyed a surplus of HKD 22.223 million, compared with a loss of HKD 21.959 million in the same period last year. Earnings per share were 5.36 Hong Kong cents.
The announcement stated that the turnaround from loss to profit was mainly due to the substantial increase in revenue and the improvement of gross margin caused by the increase in new contracts and amendments to existing projects undertaken by the group, as well as strengthened cost control.