KNT Holdings (01025) announced the annual results for the year ending March 31, 2024, with revenue of about 54.312 million Hong Kong dollars, a decrease of 24.22% year-on-year; a net loss of about 24.444 million Hong Kong dollars, a year-on-year decrease of 21.86%; and a loss per share of 2.9 Hong Kong cents.
Jitong Finance News APP, KNT Holdings (01025) announced the annual results for the year ending March 31, 2024, with revenue of about 54.312 million Hong Kong dollars, a decrease of 24.22% year-on-year; a net loss of about 24.444 million Hong Kong dollars, a year-on-year decrease of 21.86%; and a loss per share of 2.9 Hong Kong cents.
The announcement stated that the overall decrease in revenue was mainly due to a decrease in revenue from bridesmaid dress sales of about 9.8 million Hong Kong dollars, a decrease in revenue from special occasion dress sales of about 3.8 million Hong Kong dollars, and a decrease in revenue from accessory sales of about 3.5 million Hong Kong dollars. The decrease in losses was mainly due to a reduction in the group's administrative expenses and sales and distribution expenses; a reduction in impairment losses recognized for properties, plant, and equipment; and a reduction in the share of losses of an associated company.