ALCO HOLDINGS announced its audited annual performance for the year ending on March 31, 2024, showing that revenue increased from HKD 89 million in the previous fiscal year to HKD 148 million, and the attributable profit of the owner changed from a loss of HKD 87 million in the previous year to a profit of HKD 6 million. However, the company's continued operation business still recorded a loss of about HKD 3.07 million and faced pressure from a net current liability of about HKD 169 million. The company failed to repay the HKD 47.53 million bank loan on time, and if requested by the bank, the payment must be made immediately. The company is negotiating debt restructuring with the bank and exploring the postponement of repayment of shareholder...Show More

ALCO HOLDINGS announced its audited annual performance for the year ending on March 31, 2024, showing that revenue increased from HKD 89 million in the previous fiscal year to HKD 148 million, and the attributable profit of the owner changed from a loss of HKD 87 million in the previous year to a profit of HKD 6 million. However, the company's continued operation business still recorded a loss of about HKD 3.07 million and faced pressure from a net current liability of about HKD 169 million. The company failed to repay the HKD 47.53 million bank loan on time, and if requested by the bank, the payment must be made immediately. The company is negotiating debt restructuring with the bank and exploring the postponement of repayment of shareholder loans and trade receivables. The company is also taking measures to improve operational cash flow, including simplifying product portfolio and production mode, strengthening cost control, and seeking capital market financing opportunities. The board of directors remains cautiously optimistic about the company's future prospects and did not recommend the distribution of final dividends.