Wisdom Finance APP News, Ca Cultural (01566) announced that it is expected to have a net loss of approximately HKD 140 million to HKD 180 million for the fiscal year ending March 31, 2024, and a net loss of approximately HKD 1.033 billion for the fiscal year ending March 31, 2023, mainly due to the reduction in sales, marketing, and distribution expenses, administrative expenses, research and development expenses, expected credit losses on trade receivables and other receivables of joint ventures, and expected credit losses on trade and other receivables of associated companies.