APAC RESOURCES(01104) announces annual performance with a net profit attributable to shareholders of HK$390 million, turning loss into profit year-on-year.

APAC RESOURCES (01104) announced its annual results for the year ending on June 30, 2024. The group achieved a profit of HK$1.169 billion during the period, an increase of 186.78% compared to the previous year. The company's attributable profit to owners amounted to HK$390 million, a turnaround from a loss of HK$319 million in the same period last year. Earnings per share were 29.39 HK cents, and a final dividend of 10 HK cents per share is proposed. The announcement stated that the return to profitability was mainly driven by the strong performance of the resource investment division, which generated a profit of HK$404 million.