Summary by Futu AI
Hao Tian International Construction Investment Group Limited (the "Company") announces the annual performance for the year ended 31 March 2024. During the year, the Company and its subsidiaries (the "Group") recorded revenue of approximately HKD 173 million, a decrease of approximately HKD 246 million from last year. Gross profit decreased from HKD 82 million last year to HKD 64 million. The loss for the year was HKD 512 million, compared with a profit of HKD 108 million in the same period last year. Basic loss per share was 6.08 HK cents. The Group's main businesses include securities investment, securities brokerage and financial services, asset management, leasing and sales of construction machinery, maintenance and repair, transportation services, property development and lending. During the year, the Group faced global economic challenges, including geopolitical tensions, Qualcomm inflation and other factors, but still committed to business strategy and diversified investment to maintain business continuity. The Board of Directors does not recommend the payment of final dividends.