Bortex global (08118) has been suspended since August 1st this year, and surged by nearly 170% shortly after resuming trading this morning, with the subsequent increase gradually narrowing. As of the time of writing, it has increased by 36.07%, trading at 0.083 Hong Kong dollars, with a turnover of 0.7256 million Hong Kong dollars.
According to the Finance and Economics APP, Bortex global (08118) has been suspended since August 1st this year, and surged by nearly 170% shortly after resuming trading this morning, with the subsequent increase gradually narrowing. As of the time of writing, it has increased by 36.07%, trading at 0.083 Hong Kong dollars, with a turnover of 0.7256 million Hong Kong dollars.
On the news front, on October 31st, Bortex global announced the annual results for the year ending April 30, 2024, with revenue decreasing by 53.04% to 33.137 million Hong Kong dollars, net loss of 32.146 million Hong Kong dollars, a year-on-year decrease of 54.03%; loss per share of 6.43 Hong Kong cents. The announcement stated that the decrease in loss was mainly due to the group's reduced revenue and gross profit offsetting the expected credit loss provisions, dismissal and impairment loss reduction impact during the period.
