CB Global (08026) announced that the expected loss attributable to shareholders of the company is not more than HKD 80 million for the year ending March 31, 2024, while the unaudited period loss for the year ended March 31, 2023, was about HKD 43 million (restated) . The increase in the loss is mainly due to a significant increase in impairment losses (deducted from the reversal) recognized based on the expected credit loss model, and expenditures for a one-time employee share award plan.
The announcement stated that the increase in losses was mainly due to a significant increase in impairment losses (deducted from the reversal) recognized based on the expected credit loss model, including expenses for a one-time employee share award plan.
