New Provenance Everlasting Holdings Limited (HK:2326) has released an update.
New Provenance Everlasting Holdings Limited reported a significant shift in financial performance, posting a loss of HK$31,181,000 for the year ended 31 March 2024, compared to a profit of HK$1,337,000 in the previous year. This downturn was attributed to increased loss allowances on trade receivables and higher administrative expenses, despite a slight increase in other operating income. The loss per share for the year stood at HK$0.146, a stark contrast to the earnings of HK$0.009 per share reported in 2023.
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