Tokyo Chuo Auction (01939) released its annual results for the fiscal year ending March 31, 2024, with revenue of 57.852 million Hong Kong dollars, a year-on-year decrease of 20.5%; the company's owner's net loss was 26.89 million Hong Kong dollars, a year-on-year increase of 224.5%; basic loss per share was 5.38 Hong Kong cents.
Zhongtong Finance APP News, Tokyo Chuo Auction (01939) released its annual results for the fiscal year ending March 31, 2024, with revenue of 57.852 million Hong Kong dollars, a year-on-year decrease of 20.5%; the company's owner's net loss was 26.89 million Hong Kong dollars, a year-on-year increase of 224.5%; basic loss per share was 5.38 Hong Kong cents.
During the reporting period, the company's owner's net loss expanded year-on-year, mainly due to a decrease in revenue from art auction and related businesses during the reporting period, an increase in impairment losses on financial assets, and recognition of share-based payments settled in equity.
