Revenue from the Group’s operations for the year ended 31 December 2023 amounted to HK$232.9 million, representing a decrease of HK$21.6 million or 8.5% as compared to HK$254.5 million for the year ended 31 December 2022. Such decrease was primarily attributable to the decrease in the sales volume.

The Group’s gross profit for the year ended 31 December 2023 amounted to HK$63.7 million, representing a decrease of HK$6.3 million as compared to HK$70.0 million for the year ended 31 December 2022. The gross profit margin for the year ended 31 December 2023 was 27.3%, representing a decrease of 0.2 percentage points compared to 27.5% for the year ended 31 December 2022.

Profit attributable to the owners of the Company for the year ended 31 December 2023 was HK$20.8 million, representing a decrease of HK$1.6 million or 7.1 % as compared to HK$22.4 million for the year ended 31 December 2022. The decrease in profit for the year was mainly attributable to the decrease of revenue as mentioned above.