CBK Holdings Limited announced its financial results and corporate updates for the fiscal year ending March 31, 2024. The report shows that the company's revenue in 2024 was HKD 25.36 million, a decrease from HKD 30.04 million in 2023. The annual loss was HKD 19.39 million, but improved from the loss of HKD 24.97 million in 2023. As of the 2024 fiscal year, the company's shareholder equity was HKD 7.75 million, an increase from the liability of HKD 22.91 million in 2023. The board of directors did not recommend any dividend distribution. There were changes to the board of directors with retirements and new appointments. The Financial statements were audited by Forvis Mazars CPA Limited and believed to fairly present the financial position of the Group. The Group has maintained sufficient...Show More

CBK Holdings Limited announced its financial results and corporate updates for the fiscal year ending March 31, 2024. The report shows that the company's revenue in 2024 was HKD 25.36 million, a decrease from HKD 30.04 million in 2023. The annual loss was HKD 19.39 million, but improved from the loss of HKD 24.97 million in 2023. As of the 2024 fiscal year, the company's shareholder equity was HKD 7.75 million, an increase from the liability of HKD 22.91 million in 2023. The board of directors did not recommend any dividend distribution. There were changes to the board of directors with retirements and new appointments. The Financial statements were audited by Forvis Mazars CPA Limited and believed to fairly present the financial position of the Group. The Group has maintained sufficient public float to meet the GEM Listing Rules requirement. The net proceeds from the full use of equity issuances and allocations have been used as expected general operating funds. The Group has complied with environmental laws and regulations and has no significant compliance costs. Directors or major shareholders have no significant interests in major customers and suppliers. Directors or major shareholders are not involved in any competing business. During the reporting period, no options were granted or exercised under the share option plan. Significant events after the reporting period include the signing of a temporary lease for the new restaurant property and the sale of 51% of the shares of Success Reach and 100% of the shares of Smart Sino Group.