CNC Holdings (08356) announced its annual results for the year ended March 31, 2024, with revenue of approximately HKD 469 million...
According to the announcement made by China Xinhua Television (08356), the company's revenue for the annual period ended on March 31, 2024 was approximately HKD 469 million, a decrease of 5.5% year-on-year; gross profit was HKD 18.063 million, an increase of 428.2% year-on-year; the company's attributable net loss was HKD 9.324 million, a decrease of 1.23% year-on-year; basic loss per share was 23 Hong Kong cents.
According to the announcement, the decrease in revenue was mainly due to a reduction in the volume of civil engineering projects that are either in progress or close to completion.