Construction Industry Council - Annual Report 2024

ANNUAL REPORT 2024 193 HIGHLIGHTS OF AUDITED FINANCIAL STATEMENTS FOR 2024 Highlights of the audited financial statements of the CIC Group Based on the audited consolidated financial results for the year ended 31 December 2024, total income of CIC Group was $2,446.35 million (2023: $1,740.01 million), an increase of $706.34 million or 40.6% against last year. Total expenditure for 2024 was increased by $108.86 million or 6.6% to $1,749.04 million (2023: $1,640.18 million). The operating results for 2024 recorded a surplus of $697.30 million (2023: $99.83 million). 1,740.01 2,446.35 1,640.18 1,749.04 99.83 697.30 3,000 2,500 2,000 1,500 1,000 500 0 2023 2024 CIC Income, Expenditure & Surplus for Year 2023 and 2024 Amount (HK$’m) Income Expenditure Surplus Year