Rongfengyi Holdings (03683) announced the audited annual results for the year ended March 31, 2024, with a revenue of 13...
According to the Zhitong Finance App, Rongfengyi Holdings (03683) announced audited annual results for the year ended March 31, 2024, with revenue of US$13.5 million, a decrease of 26.2% over the previous year. The loss attributable to company owners was US$7.126 million, a year-on-year decrease of 58.31%; the basic loss per share was 0.75 US cents.
According to the announcement, the decline in earnings was due to a decrease in the average daily rental income of the Group's fleet and the sale of the ship GH Harmony in January 2024. After the sale, there are 3 remaining vessels in the Group's fleet. The average daily rental income of the Group's fleet decreased from approximately $13,160 for the year ended March 31, 2023 to approximately $10,269 for the year ended March 31, 2024.