Deson Development Narrows Annual Losses

Deson Development International Holdings Limited (HK:0262) has released an update.

Deson Development International Holdings Limited reported a consolidated net loss of HK$76.774 million for the year ended 31 March 2024, a slight improvement from the previous year’s loss of HK$93.934 million. Despite an increase in revenue from HK$97.563 million in 2023 to HK$128.074 million in 2024, the company faced substantial fair value losses on investments and equity, alongside increased costs of sales and administrative expenses. Loss per share for the company also decreased from 6.20 HK cents to 5.16 HK cents.

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