In 2024, Innovative Phar (00399) released its annual results for the year ending March 31. The group earned HKD 6,593,000, a decrease of 18.35% compared to the previous year. The company's attributable profit was HKD 103 million, a significant turnaround from the previous year's loss of HKD 246 million. Basic earnings per share were 6.77 HK cents.
According to the announcement, the turnaround from loss to profit was mainly due to the income of approximately HKD 330 million from the revised convertible bonds obtained during the current fiscal year.