QPL International Holdings Reports Increased Annual Loss

QPL International Holdings (HK:0243) has released an update.

QPL International Holdings Limited reported a consolidated net loss for the year ended April 30, 2024, which widened from the previous year, as revenues fell and losses on financial assets increased. The company’s revenue declined from HK$312,928,000 in 2023 to HK$262,699,000 in 2024, with the loss per share rising from HK(13.30) cents to HK(21.26) cents. Amidst challenging market conditions, the firm also faced higher credit loss expenses and other comprehensive expenses, reflecting a tougher financial year.

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