Success Dragon International Holdings has posted revenue of MOP375m (US$46m) for the year ended March 31.<\/p>\n\n\n\n\n\n\n\n
Hong Kong.- Success Dragon International Holdings<\/strong> has announced its financial results for the fiscal year ending on March 31, 2023. The company has reported revenue of MOP375m (US$46m), up 152 per cent year-on-year<\/strong>. However, the company experienced a decrease in profit <\/strong>of 59.8 per cent.<\/p>\n\n\n\n The loss incurred from discontinued operations contributed to the profit decline. This involved the termination of management services for electronic gaming equipment<\/strong> in Macau and a money lending business in Hong Kong. <\/p>\n\n\n\n The gaming-related service contracts in Macau expired in June 2022, and the company decided not to renew them. The stock filing stated that the decision was driven by continuous losses in that segment. The company also decided not to renew its money lending licence. As a result, Success Dragon International Holdings has fully shifted its business focus to the gold processing and trading industry. <\/p>\n\n\n\n The company said it was taking a proactive approach in seeking new procurement and revenue channels in the mainland China gold processing market.<\/p>\n","protected":false},"excerpt":{"rendered":" Success Dragon International Holdings has posted revenue of MOP375m (US$46m) for the year ended March 31.<\/p>\n","protected":false},"author":176,"featured_media":18146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Success Dragon International Holdings reported MOP375m (US$46m) revenue for FY23, a 152% YoY increase, yet experienced a 59.8% profit decline due to losses from discontinued operations. The company has fully divested from its Macau gaming-related services and Hong Kong money lending business, citing continuous losses in the former, to pivot entirely to the gold processing and trading industry in mainland China.","focusai_entities":"Success Dragon International Holdings","focusai_location":"Hong Kong, Macau, China","focusai_target_profile":"ceo_executive (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Strategic Rationale","query":"What specific market conditions or competitive dynamics in Macau's electronic gaming equipment services sector led to continuous losses, prompting Success Dragon's divestment?"},{"label":"Gold Market Entry","query":"What is Success Dragon's projected timeline and capital allocation strategy for establishing a competitive position within the mainland China gold processing and trading industry?"}],"footnotes":""},"categories":[157,16338],"tags":[],"class_list":["post-777006796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777006796"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006796\/revisions"}],"predecessor-version":[{"id":777006819,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006796\/revisions\/777006819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18146"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777006796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777006796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777006796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}