Oriental Pay (08613) released its annual results ending on March 31, 2024, with revenue of HKD 31.718 million, a year-on-year increase of 278.5%. Net loss was HKD 37.158 million, an increase of 15.3% year-on-year. Basic loss per share was 1.97 Hong Kong cents.
According to the annual results announced by Oriental Pay (08613) covering the period until March 31, 2024, revenue was HKD 31.718 million, a YoY increase of 278.5%, and net loss was HKD 37.158 million, a YoY increase of 15.3%, with a basic loss per share of 1.97 Hong Kong cents.
The increase in net loss during the period was mainly due to an increase in revenue and gross profit, sales and distribution costs, as well as general administrative expenses. Additionally, the decrease in other income and financing costs, gains from selling affiliated companies, as well as no revision or cancellation of convertible bonds losses and losses from settling financial liabilities had a net impact.