Hong Kong ChaoShang Group Ltd. (HK:2322) has released an update.
Hong Kong ChaoShang Group Limited reported a significant increase in its operating loss for the fiscal year ended March 31, 2024, with losses rising from HK$41,793,000 the previous year to HK$87,563,000. Despite a decrease in revenue from HK$198,924,000 in 2023 to HK$144,950,000 in 2024, the company experienced a gross profit marginally lower than the year prior. Administrative expenses and various impairment losses on assets significantly impacted the financial performance.
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