Tokyo Chuo Auction’s Steep Decline in 2024 Earnings

Tokyo Chuo Auction Holdings Ltd. (HK:1939) has released an update.

Tokyo Chuo Auction Holdings Ltd. reports a significant downturn for the year ended March 31, 2024, with a 20.5% drop in revenue and a substantial increase in loss before income tax by 211.2%. The loss per share has deepened from 1.66 HK cents to 5.38 HK cents, reflecting a steeper net loss margin year-on-year. No final dividend has been proposed, indicating financial challenges faced by the company.

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