Summit Ascent Holdings Limited has announced its audited consolidated annual results for the year ended 31 December 2023. The Group's total revenue for 2023 was HK$369.1 million, representing a slight decrease of 1% compared to HK$372.3 million in 2022. Despite this decrease in revenue, the Group recorded a positive Adjusted EBITDA of HK$131.5 million in 2023, an improvement from HK$105.1 million in the previous year. However, the Group reported a significant loss attributable to owners of the Company, amounting to HK$740.0 million in 2023, a stark contrast to the profit of HK$11.8 million recorded in 2022. This loss was primarily due to resource allocation and performance assessment based on consolidated financial information for the entire business. The revenue from gaming and hotel operations in 2023 showed that gaming operations contributed HK$335.7 million, while hotel operations accounted for HK$33.4 million. No dividend was paid or proposed during 2023 and 2022, and none has been proposed since the end of the reporting period. The Group's revenues were entirely derived from its property located in the Russian Federation, and nearly all non-current assets, apart from some exceptions, were located there as well. The company has also announced a continued suspension of trading. No specific outlook or guidance for future performance was provided in the announcement.