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WT GROUP: ANNUAL REPORT 2023/24
WT GROUP: ANNOUNCEMENT OF ANNUAL RESULTS FORTHE YEAR ENDED 30 JUNE 2024
WT Group (08422) announced interim results, profit attributable to shareholders of HK$2,054 million, which turned a year-on-year loss into profit
According to the Zhitong Finance App, WT Group (08422) announced its interim results for the six months ended December 31, 2023. The group achieved profit of HK$1.046 million during the period, a year-on-year decrease of 53.3%; profit attributable to shareholders was HK$2,054 million; loss due to shareholders was HK$3.01 million during the same period last year, turning a loss into a profit over the previous year; basic profit per share was HK1.71 cents. According to the announcement, the decrease in revenue was mainly due to a decrease in the number of construction projects undertaken by the Group in the six months ended December 31, 2023 compared to the same period in 2022.
WT GROUP: INTERIM REPORT 2023/2024
WT GROUP: ANNOUNCEMENT OF INTERIM RESULTS FORTHE SIX MONTHS ENDED 31 DECEMBER 2023
WT Group (08422.HK) expects a consolidated net profit of about HK$1.5 million to HK$3 million for the medium term, turning a year-on-year loss into a profit
On February 5, GLONGHUI | WT Group (08422.HK) announced that the Group expects to record a comprehensive net profit of between HK$1.5 million and HK$3 million in the six months ending 31 December 2023, compared with an unaudited comprehensive loss of approximately HK$3 million for the same period in 2022. According to currently available information, the profit in question was mainly due to anticipated credit loss provisions on trade accounts receivable and contract assets during the period under review.
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