WANG ON GROUP (01222) announced its annual performance for the year ending March 31, 2024, ...
According to the financial report released by WANG ON GROUP (01222), the group generated a revenue of HKD 1.983 billion during the fiscal year ending on March 31, 2024, which decreased by 45% year-on-year. The net loss attributable to the owners of the parent company was HKD 754 million, compared to the net profit attributable to the owners of the parent company of HKD 13 million in the same period last year. The basic loss per share was HKD 5.52 cents.
The revenue decline was mainly due to a decrease in sales contributed by the property development projects in which the group owns controlling interests and delivered during this fiscal year.