Sam Woo Cons (03822) released its full-year performance for the year ending March 31, 2024. During the period...
According to the announcement, Sam Woo Cons (03822) released its full-year performance for the year ending March 31, 2024. The group achieved customer contract revenue of HKD 458 million, an increase of 9.84% year-on-year, and shareholders' loss of HKD 28.281 million, a year-on-year decrease of 10.09%. Basic loss per share was HKD 0.0168.
The announcement stated that the group obtained a gross profit of HKD 32 million this year, an improvement compared to a gross loss of HKD 1 million last year. Unlike last year, there were no gaps between the completion of old projects and the start of new ones. The group has been working on the Kai Tak Public Housing Project (2022) and other projects throughout the year. Due to the increase in the group's labor and equipment productivity, a gross margin of 7% was achieved this year after deduction of direct and indirect contract costs and machinery depreciation.