Ocean Group (01991) announced its 2023 annual results. Losses attributable to shareholders of HK$88,035 million decreased by 10.23% year-on-year

According to the Zhitong Finance App, Ocean Group (01991) announced its annual results for the year ended December 31, 2023. The group achieved revenue of HK$1,214 billion, an increase of 253.33% over the previous year; losses attributable to the owners of the company were HK$88,035 million, a decrease of 10.23% over the previous year; and a loss of 6.74 HK cents per share.

Part of the revenue comes from the silicone rubber business, which earned approximately HK$226 million (2022: approximately HK$308 million) for the year ended 31 December 2023, accounting for approximately 18.63% of the Group's total revenue (2022: approximately 89.68%).