Honghui Group (00183) announced annual results. Shareholders' losses of HK$242 million increased by 257.85% year-on-year

Zhitongcaijing · 09/27 14:17

According to the Zhitong Finance App, Honghui Group (00183) announced its annual results for the year ended June 30, 2024. The group obtained revenue of HK$41.118 million, an increase of 8.12% over the previous year; losses attributable to the owners of the company were HK$242 million, an increase of 257.85% over the previous year; and a loss of 42.68 HK cents per share.

According to the announcement, this year's losses were mainly due to loss of fair value of investment properties, write-off of properties held for sale, and impairment losses on property, plant and equipment.