Cinese International Announces 2023 Annual Results
HONG KONG, Mar 27, 2024 - (ACN Newswire) - Air ticket distributor, travel business process management services provider and travel products services provider Cinese International Group Holdings Limited ("Cinese International", collectively with its subsidiaries, the "Group"; stock code: 1620) has announced its annual results for the year ended 31 December 2023.
- HONG KONG, Mar 27, 2024 - (ACN Newswire) - Air ticket distributor, travel business process management services provider and travel products services provider Cinese International Group Holdings Limited ("Cinese International", collectively with its subsidiaries, the "Group"; stock code: 1620) has announced its annual results for the year ended 31 December 2023.
- The Group recorded a total revenue of approximately HK$103.5 million for the year ended 31 December 2023 (2022: HK$45.8 million).
- Gross profit increased by approximately 96.4% year-on-year to approximately HK$44.2 million in 2023 (2022: HK$22.5 million); overall Gross profit margin was 42.7%.
- Ms. Mariana Kou, Chairperson and Executive Director of Cinese International, said, "The Group has resumed providing package tours in the first quarter of 2023.