CL Group (08098) announced that it is expected to acquire shareholder losses of approximately HKD 11-14 million for the year ending March 31, 2024, compared to losses of approximately HKD 5.6 million for the year ending March 31, 2023.
CL Group (08098) announced that it is expected to acquire shareholder losses of approximately HKD 11-14 million for the year ending March 31, 2024, compared to losses of approximately HKD 5.6 million for the year ending March 31, 2023.
The announcement stated that the increase in losses was mainly due to an expected crediting loss of approximately HKD 30.1 million for the reduction of accounts receivable under the crediting loss model and an expected reduction of accounts receivable of approximately HKD 3.9 million under the crediting loss model.