Fengdeli Holdings (00571) announced final results. Losses attributable to shareholders of HK$511 million increased by 157.03% year-on-year

According to the Zhitong Finance App, Feng Deli Holdings (00571) announced the final results for the year ended July 31, 2024. The group achieved a turnover of HK$1,168 million, an increase of 15.16%; losses attributable to the owners of the company were HK$511 million, an increase of 157.03% over the previous year; and a loss of HK$0.291 per share.

According to the announcement, the increase in comprehensive losses during the year was mainly due to increased asset impairment during the year under review.