Magnusconcordia (01172) released the annual performance for the fiscal year ending on March 31, 2024. During this period, the group achieved ...
According to the intelligence financial news app, Magnusconcordia (01172) announced the annual performance for the fiscal year ending on March 31, 2024, with a revenue of HKD 271 million, a year-on-year decrease of 34.98%. Shareholders suffered a loss of HKD 117 million, a year-on-year decrease of 66.72%, and the basic loss per share was 2.03 Hong Kong cents.
The announcement stated that the decrease in revenue was mainly due to the decrease in sales of residential units in the property development project in Zigong City, Sichuan Province, China.