Silver Tide Holdings Limited (HK:1943) has released an update.
Silver Tide Holdings Limited reported a significant downturn in its financial performance for the fiscal year ending March 31, 2024, with a reported loss of HK$32.092 million compared to a profit of HK$4.967 million the previous year. This decline was attributed to increased costs of services and other operating expenses, which outstripped revenue growth. The company’s total equity also decreased from HK$216.109 million to HK$183.843 million, indicating a challenging year for the company.
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