State Energy Group International Assets Holdings Limited (HK:0918) has released an update.
State Energy Group International Assets Holdings Limited reported a significant loss for the fiscal year ended 31 March 2024, with a notable decrease in profitability compared to the previous year. The company’s revenue increased, but this was offset by higher costs of sales, administrative expenses, and substantial impairment losses, leading to a loss before taxation of HK$67,246,000. Despite a slight profit from discontinued operations, the overall loss for the year was HK$58,364,000, with a total comprehensive expense for the year attributable to owners of the company amounting to HK$62,532,000.
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