G-Vision Int'l (00657) announced its annual results for the year that ended on March 31st, 2024 on the app of Zhongtong Securities, with revenue of HKD 49.549 million, a year-on-year increase of 9.7%; net loss of HKD 6.232 million, a year-on-year narrowing of 71.2%; and a basic loss per share of 0.32 HK cents.

The increase in revenue was mainly due to an 18.4% increase in operating income in the first half of this fiscal year. The growth in restaurant revenue slowed in the second half of the year, increasing by about 2.4% compared to last year.

The significant decrease in net loss was mainly due to a reduction of approximately HKD 7.5 million and HKD 4.6 million in non-cash impairment losses of the Group's right-of-use assets and properties, plant and equipment, respectively, as well as a decrease of approximately HKD 2.2 million and HKD 1.2 million in depreciation.