Lotus Horizon (06063) has released its annual results for the year ending March 31, 2024. The group generated revenue of HKD 243 million, an increase of 27.29% year on year. The net profit for the year was HKD 3.32 million, compared to a loss of HKD 8.102 million in the same period last year. The earnings per share were 0.17 Hong Kong cents.
According to the announcement, the significant increase in confirmed revenue was mainly due to the normalization of construction progress for several major projects in the current year, as well as the lifting of epidemic prevention measures and restrictions in December 2022.