Zhitong Financial APP News, Nuofa Group (01360) released its results for the year ended June 30, 2023, with a total income of HK $41.219 million, down 63.3% from the same period last year; a net loss of HK $506 million, an increase of 312.2% over the same period last year; and a basic loss of HK26.06 cents per share.
The decrease in income during the period was mainly due to a decrease of approximately HK $46.91 million in revenue from the culture and entertainment segment and about HK $24.03 million in income from the financing segment in the reporting year.