Sheung Yue Group’s Profits Dip Despite Revenue Rise

Sheung Yue Group Holdings Limited (HK:1633) has released an update.

Sheung Yue Group Holdings Limited reported a decline in profits in its latest annual results for the fiscal year ending March 31, 2024, with earnings dropping from HK$10,836,000 to HK$4,286,000 compared to the previous year. Despite an increase in revenue from HK$315,136,000 to HK$361,257,000, higher costs and decreased other income affected the bottom line. The earnings per share also fell from 1.58 HK cents to 0.63 HK cents.

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