Dowway(08403) announced its 2023 results, reporting revenue of approximately HKD 117 million, a year-on-year decrease
of about 33.70%; a net loss of HKD 16.918 million, narrowing by 53.59% compared to the previous year; and a loss per share of 14.1 cents.
The announcement stated that the reduction in losses was mainly due to a decrease in the net provision for expected credit losses on trade
and other receivables as well as contract assets.
