Deson Development International (00262) announced its annual results for the year ended March, 31st, 2024, with revenue of approximately HKD 128 million ...
According to the announcement, the revenue increase was mainly due to the sales of the old pavilion of the Expo Square (area: 5,823 square meters) for RMB 34 million during the reporting period, resulting in an increased revenue of the property development and investment business category. This increase partially offset the significant decrease in sales of the trade category due to the decline in demand for air purifiers. The company's revenue for the year ended March 31, 2024, was approximately HKD 128 million, a year-on-year increase of 31.27%. The company's owners' loss attributable was HKD 75.691 million, a decrease of 16.79% year-on-year; the loss per share was HKD 5.16 cents.
The announcement stated that the mainly revenue increase was due to the sales of the old pavilion of the Expo Square (area: 5,823 square meters) for RMB 34 million during the reporting period, resulting in an increased revenue of the property development and investment business category. This increase partially offset the significant decrease in sales of the trade category due to the decline in demand for air purifiers.
