Pioneer Global (00224.HK) announced that it expects a comprehensive loss of HKD 48 million to HKD 55 million for the year ending March 31, 2024, while the comprehensive surplus for the year ended March 31, 2023 is about HKD 64 million.
The Board of Directors believes that the expected loss is mainly due to the significant loss of the group's joint venture company, which is mainly due to the operating loss of the Lijing Hotel in Hong Kong, while last year it was a surplus of the group's joint venture company.