Wmhw (08217) released its annual results as of March 31, 2024, with revenue of HKD 35.141 million, a year-on-year decrease of 66.4%; a net loss of HKD 17.433 million, a year-on-year increase of 75%; and a basic loss per share of 5.78 HK cents.
The decrease in the group's total revenue during the period is mainly due to the fierce competition in the industry, resulting in a decrease in the number of construction projects and several large-scale construction projects reaching the completion stage.
