On June 26th, Grace Choi reported that China Agricultural Products Trading (00149.HK) announced that the Group's revenue for the fiscal year ending March 31, 2024 was approximately HK$579 million, a decrease of approximately 2.9% from the previous fiscal year. The profit attributable to owners of the parent company was approximately HK$7.4 million, an increase of 8.8% year-on-year. Earnings per share attributable to owners of the parent company's common equity increased to HK$0.07.
The increase in profit attributable to owners of the parent company is mainly due to the reversal of long overdue payables and the offsetting effect of multiple projects, including but not limited to the increase in net fair value losses of self-invested properties compared to the previous fiscal year.