PRG has published anual results for 2023soruce:
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0328/2024032801471.pdf
https://www1.hkexnews.hk/search/titlesearch.xhtml?lang=en and search for company code 02489
For the year ended 31 December 2023, the Group’s revenue was approximately RMB383,463,000 (2022: RMB418,413,000), representing a decrease of approximately 8.4% as compared to the previous year.
For the year ended 31 December 2023, the Group’s net profit was approximately RMB94,939,000 (2022: RMB120,990,000), representing a decrease of approximately 21.5% as compared to the previous year.
For the year ended 31 December 2023, the basic and diluted earnings per share attributable to ordinary equity holders of the parent amounted to approximately RMB0.04, (2022: RMB0.06 (restated)), representing a decrease of approximately 33.3% as compared to the previous year.
For the year ended 31 December 2023, the profit attributable to owners of the parent was approximately RMB65,025,000 (2022: RMB83,214,000), representing a decrease of approximately 21.9% as compared to the previous year.
The Board does not recommend the payment of a final dividend to the shareholders for the year ended 31 December 2023.
(all page 1)
In the Board meeting anouncment (https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0313/2024031300387.pdf) was an "profit distribution plan" mentioned. I cant find any notion of this in the anual results. - It is not clear to me how much of the net profit the PRG can freely dispose of for 2023 MJS
- It is not clear to me how much cash is on MJS's balance sheet that MJS can freely dispose of.
More than 3 months after the IPO of PRG and the removal of all associated restrictions and there is still no statement how the shareholders will benefit from
- the success of the company in the last 3 years
- from the IPO of PRG
- and from the future activities of the company group.
It is completely incomprehensible to me how this can be seen as justified, decent and good work by the MGM.
best
Richard