As per the announcement by the Futubull Financial News App, Eminence Ent (00616) announced the annual performance as of March 31, 2024, with operating revenue from continuing operations at HKD 30.693 million, a YoY increase of 12.9%; shareholders of the company shall bear a loss of about HKD 213 million, compared with a profit of HKD 63.572 million for the same period in 2023; and a loss per share of HKD 2.47.

The announcement mentions that the main reason for the loss conversion is the fair value change loss of investment property; impairment of development properties held for sale; and increase in financing costs.