Zhitong Financial APP News, Gaomen Group (08412) announced that for the year ended May 31, 2021, the company realized a profit of HK $24.427 million, a decrease of 51.53% over the same period last year, and a loss of HK $36.873 million attributable to shareholders. An increase of 3.27% over the same period last year, with a basic loss of 3.87 Hong Kong cents per share.

The announcement said that the losses were mainly due to the outbreak of 2019 coronavirus disease since January 2020, which had a serious impact on the business environment of bars and clubs, entertainment and catering business in Hong Kong, China; to obtain impairment losses on property, plant and equipment and right-to-use assets for the year ended May 31, 2021; and write-off of trade and other receivables for the year ended May 31, 2021. And an one-time loss of share-based payments for the year ended May 31, 2021.