Heng Tai Reports Increased Annual Loss in 2024

Heng Tai Consumables Group (HK:0197) has released an update.

Heng Tai Consumables Group Limited reported a larger annual loss for the year ending June 30, 2024, with the loss attributable to owners widening to HK$196,448,000 from HK$125,596,000 the previous year. The company’s revenue saw a slight increase, while costs of sales decreased, but significant impairment losses and operating expenses contributed to the overall loss. The firm also reported a change in the use of proceeds from its 2017 rights issue.

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