According to the Zhitong Finance App, Gelin International Holdings (02700) disclosed the 2023 annual results announcement. The group achieved revenue of HK$488.31 million during the reporting period, an increase of 3.38% over the previous year. Gross profit was HK$28.828 million, up 10.25% year over year. The company's equity holders should have accounted for a loss of HK$10.626 million. The loss narrowed by 19.68% year-on-year. Loss per share was HK1.61 cents.
During the reporting period, the Group's gross profit increased by about 10.25% compared to last year, mainly due to increased earnings but reduced commodity costs. The Group's gross margin for the reporting period was 59.04% (2022:55.35%).
