China Information Technology (08178) announced its 2023 annual results, with revenue of HK$49.228 million, a year-on-year decrease...
According to the Zhitong Finance App, China Information Technology (08178) announced its results for the full year of 2023, with revenue of HK$49.228 million, down 17% year on year; loss attributable to company owners was HK$22.755 million, narrowing 72.3% year on year; basic loss per share was HK$38.6.
The Group's revenue in 2023 decreased 17.0% year over year, mainly due to management's desire to focus on MRT projects this year, leading to a decrease in revenue from several cubic meters.