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Pioneer Global Group Swings to Full-Year Loss
Pioneer Global Group (HKG:0224) swung to an attributable loss of HK$56.2 million, or HK$0.0487 per share, in the year ended March 31, from a profit of HK$64.4 million, or HK$0.0518 per share, a year p
Pioneer Global (00224.HK) had an annual revenue of HKD 249.5 million, a YoY increase of 4.7%.
On June 25th, Geelong announced that PAG (00224.HK) had HKD 249.5 million in revenue for the fiscal year ending on March 31, 2024, a 4.7% increase from 2023. Shareholders had a net loss of HKD 56.2 million (compared to a surplus of HKD 59.8 million in 2023), resulting in a loss of 4.87 Hong Kong cents per share. The increase in revenue is due to an increase in rental income from some of the invested properties (an increase in rental income from Pioneer Square and The Western Club building). Due to geopolitical issues and China's slower-than-expected economic recovery, the Hong Kong economy continues to be sluggish. With the new.
Pioneer Global (00224) announced its annual performance. Shareholders should bear a loss of HKD 56.169 million, a year-on-year transition from profit to loss.
Pioneer Global (00224) announced its annual results for the year ended March 31, 2024, with revenue of approximately HKD 249 million...
PIONEER GLOBAL: Results Announcement for the year ended 31 March 2024
Pioneer Global Swings to Loss in Fiscal Year 2024
Pioneer Global Group (HKG:0224) expects a consolidated loss of HK$48 million to HK$55 million for the fiscal year ended March 31, compared with a consolidated net profit of approximately HK$64 million
Pioneer Global (00224.HK) warns of expected annual comprehensive loss of HKD 48-55 million.
Pioneer Global (00224.HK) announced that it is expected to have a comprehensive loss of HKD 48-55 million by March 31, 2024, while the comprehensive surplus by March 31, 2023 was about HKD 64 million. The board of directors believes that the expected loss is mainly due to significant losses from affiliated companies, which are mainly due to the opening loss of Hong Kong Lijing Hotel, while the group's affiliated companies saw a surplus last year.
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