CRTG (00269) announced its annual results for the year ending March 31, 2024, with revenue of approximately 0.593 billion HKD, a year-on-year decrease of about 19.31%; the profit attributable to the company owners was approximately 1.732 billion HKD, marking a turnaround to profitability compared to the previous year; the basic earnings per share were 0.16 HKD.

The announcement stated that the turnaround to profitability mainly came from the gains from debt restructuring amounting to approximately HKD 2.429 billion (2023: impairment loss on intangible assets of approximately HKD 1.2324 billion, impairment loss on properties, plants, and equipment of approximately HKD 26.48 million, financial costs of approximately HKD 0.433 billion, and selling and administrative expenses of approximately HKD 58.66 million).