On March 28th, 00542.HK announced its unaudited annual results for 2021, with an income of 1646 during the period..HK $80,000, down 26.4% from the same period last year; gross profit 1287.HK $20,000, down-15.1% from the same period last year; company owners should account for 3% of the loss during the year.HK $2.6 billion, an increase of 49.9% over the same period last year; a basic loss of HK4.70 cents per share.
According to the announcement, the loss was due to, among other things, (I) an increase in financial costs resulting from the acquisition of loans to finance certain property development projects; and (ii) an increase in sales commission payable to property agents.