New Sparkleroll (00970) released its annual business performance ending on March 31, 2024. The group earned a profit of 3.26 billion Hong Kong dollars, a year-on-year decrease of 18.33%. The company's owners have a loss of 613 million Hong Kong dollars, an increase of 1054.64% year-on-year. The loss per share is 1.674 Hong Kong cents.
Zhitong Finance App reported that New Sparkleroll (00970) released its annual business performance ending on March 31, 2024. The group earned a profit of 3.265 billion Hong Kong dollars, a year-on-year decrease of 18.33%. The owners of the company suffered a loss of 613 million Hong Kong dollars, an increase of 1054.64% year-on-year. The loss per share is 167.4 Hong Kong cents.
According to the announcement, the decrease in revenue was mainly due to the continued weakness in the market and the fierce competition in the group's auto business, which led to a decline in auto sales.