Rongzhong fin (03963.HK) announced on June 27th that for the fiscal year ending on March 31, 2024, the group recorded revenue of about 8.9 million HKD, an increase of about 4.9% year-on-year. The company's annual loss was about 7.6 million HKD, a decrease of about 93.9% from the approximately 123.3 million HKD loss recorded in the same period last year. This is mainly due to (i) the reduction of about 78.1 million HKD in expected credit losses provision for the group's financial assets; (ii) the reduction of about 9.6 million HKD in impairment losses provision for goodwill of the group; and (iii) the decrease of about 28.4 million HKD in financial costs resulting from the sale of several of the group's subsidiary companies in the previous year.
融众金融(03963.HK)年度收入约8900万港元 同比增加约4.9%
Rongzhong Fin (03963.HK) had an annual income of about HKD 89 million, a year-on-year increase of about 4.9%.
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