Hong Kong Food Holdings Reports Annual Loss

Hong Kong Food Investment Holdings Limited (HK:0060) has released an update.

Hong Kong Food Investment Holdings Limited has reported a loss for the fiscal year ending March 31, 2024, with a stark contrast to the previous year’s profit. The consolidated statement of profit or loss shows a downturn with a net loss of HK$19,084,000 compared to the prior year’s net profit of HK$2,341,000. This financial performance reflects challenges in revenue generation, increased costs, and a decrease in share of profits from associates.

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