Man Sang International Reports Increased Annual Loss

Man Sang International (HK:0938) has released an update.

Man Sang International Limited reported a consolidated loss for the financial year ended March 31, 2024, with a year-on-year increase in loss from HK$483.3 million to HK$551.5 million. The company saw a decrease in revenue and faced significant impairment losses across various assets, including properties held for sale and investment properties. Despite reductions in administrative expenses, the company’s financial performance resulted in a basic and diluted loss per share of 85 HK cents, compared to 75 HK cents the previous year.

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