China Tangshang (00674.HK) announced on June 28 that for the fiscal year ended March 31, 2024, the group recorded revenue of about HKD 877.5 million, an increase of about 34.8% from the previous fiscal year's continuing business revenue of about HKD 650.8 million. At the same time, it recorded a loss of about HKD 113.5 million for the year, an increase of about 243.5% from the surplus of about HKD 79.1 million in the previous fiscal year, mainly due to 1) the confirmation of write-offs of other receivables and expected credit losses; and 2) reduced recognition of revenue from property development business in the fiscal year.
中国唐商(00674.HK)年度收益约8.8亿港元 同比增加约34.8%
China Tangshang (00674.HK) annual revenue is approximately HKD 880 million, a year-on-year increase of approximately 34.8%.
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