Summary by Moomoo AI
c zenith chem Group Limited (the "Company") announced the annual performance for the year ended June 30, 2024, showing a comprehensive loss of HK$170,219,000 for the Company and its subsidiaries (the "Group"), a decrease from the loss of HK$195,242,000 in the previous year. The revenue for this year was HK$31,562,000, a significant decrease from HK$100,847,000 in the previous year. Gross profit was HK$11,147,000, while it was a loss of HK$5,100,000 in the previous year. The Group's continuing operating income mainly comes from the sales of calcium carbide and agricultural chemicals. The Group faced financial pressure during the reporting period, with net current liabilities and net liabilities of approximately HK$1,004,115,000 and HK$1,009,144,000, respectively. Management has taken multiple measures to improve the liquidity...Show More