According to Zhitong Finance App News, Hong Kong Communications International Holdings (00248) announced the annual results for the year ended March 31, 2023. The group achieved earnings of HK$169.5 million during the period, a decrease of 14.85%; shareholders should account for losses of HK$19.568 million, an increase of 907.1% over the previous year; a basic loss of HK1.57 cents per share.

According to the announcement, the increase in losses was mainly due to reduced earnings and gross profit; and the fair value loss of investment properties was about HK$10 million, while the fair value income obtained in 2022 was about HK$2 million.