GOLDEN RES DEV (00677) announced annual performance with a net profit attributable to shareholders of HK$ 27.23 million, rebounding from a loss in the previous year.

GOLDEN RES DEV (00677) announced its annual performance for the year ending March 31, 2026. The group achieved a revenue of HK$2.104 billion, an increase of 1.2% year-on-year; the profit attributable to company shareholders was HK$27.233 million, compared to a loss of HK$14.466 million in the same period last year; earnings per share was HK$0.016. The turnaround from loss to profit was mainly due to the following factors: an increase in gross profit of approximately HK$18.637 million; a revaluation surplus on investment properties in the current period of approximately HK$10.819 million, compared to a revaluation loss on investment properties of approximately HK$21.791 million in the previous year ending March 31, 2025; a decrease in overall management expenses of approximately HK$19.826 million; and an increase in overall sales and distribution costs of approximately HK$39.826 million.