Tibet Development Co.,Ltd. Posted 4.2 Million Yuan Net Profit in First Quarter of 2023

Tibet Development Co.,Ltd. (西藏发展股份有限公司) (000752.SZ) reported a net profit of 4.2 million yuan in the first quarter of 2023, reversing a net loss of 81,943 yuan for the same period in the previous year.

Meanwhile, the company posted 90.3 million yuan in revenue, down 19.2% year-on-year.

At the end of the reporting period, it had 868.1 million yuan in total assets and 572.2 million yuan in total liabilities, with a liability-to-asset ratio of 65.9%.