Global Printshop (08448) released its annual results for the year ending March 31, 2024. The group generated revenue of HKD 69.9304 million during the period, a decrease of 26.75% year-on-year. The equity holders of the company suffered a loss of HKD 28.4374 million during the year, an increase of 38.7% year-on-year. The basic loss per share was 9.6 Hong Kong cents.
According to the announcement, the reduction in revenue was primarily due to a decrease in demand for the company's printing services and pressure from declining prices.