On June 28, GeLongHui reported that Sheung Yue GP (01633.HK) had a total revenue of approximately HKD 360 million for the period ended March 31, 2024, an increase of approximately 14.6% from the previous year. The group's net profit for the year was approximately HKD 4.286 million (approximately HKD 10.836 million in the previous year), with earnings per share of 0.63 Hong Kong cents.
The increase in revenue was mainly due to the group undertaking more foundation projects this year. Despite future challenges, the directors believe that the Hong Kong government's long-term policy on large-scale government-led infrastructure projects will be beneficial to the group's business needs. The group is prepared to undertake new projects next year. The group will continue to closely follow market developments, carefully evaluate potential business opportunities to promote sustainable business development, expand income sources, and maximize returns for shareholders.