According to the Zhitong Finance App, Internet Reputation Technology (01483) announced results for the year ended December 31, 2023, with revenue of HK$205 million, a year-on-year decrease of 21.7%; loss attributable to the company's equity holders was HK$34.845 million, a year-on-year narrowing of 77.9%; and a basic loss of HK$5 per share.
This year's gross margin was about 11.2%, which is lower than the 2022 gross margin of about 18.2%. The main reason for the decline in revenue and gross margin was a decrease in the number of environmental maintenance projects and an increase in operating costs (such as labor costs, gasoline and diesel fuel) due to the completion of several service contracts.