Summary by Moomoo AI
SITC Holdings announced its fiscal year 2023 performance report. During the year, the company achieved revenue of 3.058 billion USD, a 25.9% year-on-year increase compared to 2022; net profit reached 1.034 billion USD, a substantial year-on-year growth of 93%; profit attributable to shareholders was 1.028 billion USD. Gross profit amounted to 1.143 billion USD, and sales costs were 1.915 billion USD.In terms of the asset-liability situation, as of the end of 2023, the company's total assets reached 3.198 billion USD, a 20.6% increase from the previous year; total liabilities were 0.777 billion USD, and net assets were 2.422 billion USD. Shareholder equity reached 2.404 billion USD, indicating a strong overall financial condition of the company.In terms of Other Financial Indicators, the company's other income and net gains were 45 million USD; share of profit from joint ventures was 24.5 million USD; and share of profit from associates was 1.9 million USD. Income tax expense was 19.2 million USD, administrative expenses were 0.144 billion USD, and financial costs were 15.7 million USD, reflecting the company's ongoing improvement in operational efficiency.
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