Clarity Medical Group Holding Limited (HK:1406) has released an update.
Clarity Medical Group Holding Limited reported a significant downturn in its annual financial results for the year ended 31 March 2024, with a substantial increase in the company’s net loss compared to the previous year. Revenue decreased by 10.7%, while the adjusted net loss after excluding one-off non-recurring impairment losses surged by 1,333.5%. The increase in losses was attributed to higher depreciation on plant and equipment, right-of-use asset impairments, and other operating expenses.
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