According to a report from Economic Information Agency on the 6th, REF HOLDINGS (01631) announced that for the year ended December 31 last year, the net profit was approximately HKD 2.975 million, a decrease of 47.5%, with earnings per share of 1.16 cents, and no final dividend was declared.

The group stated that the operating revenue was approximately HKD 92.296 million, a decrease of 13%, mainly due to the significant reduction in the demand for printed documents from Hong Kong listed issuers as a result of the Stock Exchange's paperless listing transformation. Revenue from printing services decreased by 10.3% year-on-year, while revenue from translation services decreased by 18.3% year-on-year. The group recognized that the traditional financial printing division is expected to continue facing challenges due to the paperless listing mechanism implemented by the Stock Exchange, thus adopting a dual-track strategy: on one hand, continuing to strengthen brand building and customer relationships in traditional businesses, while simultaneously accelerating the growth of non-printing businesses, which will help alleviate short-term pressure. (wh)

\* For details regarding the performance, please refer to the company's official announcement