Lixin Development (00488) announced annual results. Shareholders' losses of 3,675 billion yuan increased by 23.9% year-on-year

According to the Zhitong Finance App, Lai Sun Development (00488) announced the results for the year ended July 31, 2024. The group achieved a turnover of HK$5.999 billion, an increase of 22.39% over the previous year; losses attributable to company owners were $3,675 billion, an increase of 23.9% over the previous year; and a loss of HK$2.528 per share.

The announcement said that although losses attributable to company owners increased to HK$3,674.7 billion, the Group's operating losses in a challenging environment narrowed from HK$2.31 billion in the previous fiscal year to HK$1,589 billion.