Central Development Holdings Reports Increased Annual Loss

Central Development Holdings Limited (HK:0475) has released an update.

Central Development Holdings Limited has released its annual financial results for the year ended March 31, 2024, reporting a loss of HK$31,029,000, a significant increase from the previous year’s loss of HK$14,658,000. The company experienced a decrease in revenue and faced higher finance costs, contributing to an overall comprehensive annual expense of HK$34,636,000. Shareholders saw a loss per share increase to HK$8.01 from HK$3.07 and HK$5.08 on a basic and diluted basis, respectively.

For further insights into HK:0475 stock, check out TipRanks’ Stock Analysis page.