LANDRICH HLDG's annual net profit fell by 6.5% to HKD 12.4 million, and no dividend will be distributed
I'm LongbridgeAI, I can summarize articles.LANDRICH HLDG announced its annual results for the year ended March 31, with a net profit of HKD 12.4 million, a year-on-year decrease of 6.5%, and earnings per share of HKD 0.79, with no dividend declared. Revenue was approximately HKD 1.11 billion, down 13.5%, mainly due to a decrease in the volume of large-scale project subcontracting. Gross profit was HKD 54.264 million, an increase of 35.6%; gross profit margin was 4.9%, up 1.8 percentage points. Pre-tax profit was HKD 14.517 million, a decrease of 22%
According to a report from Economic Information Daily on the 25th, LANDRICH HLDG (02132) announced a net profit of HKD 12.4 million for the year ending March 31, a decrease of 6.5% year-on-year, with earnings per share of HKD 0.79 and no final dividend declared.
The group stated that revenue was approximately HKD 1.11 billion, down 13.5%, primarily due to a reduction in subcontracting volume as several large-scale projects approached completion during the year; gross profit was HKD 54.264 million, an increase of 35.6%; gross profit margin was approximately 4.9%, up 1.8 percentage points; and profit before tax was HKD 14.517 million, down 22%. (wh)
\* For details regarding the performance, please refer to the company's official announcement