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New Century Group Hong Kong Limited (HKG:234) May Have Run Too Fast Too Soon With Recent 27% Price Plummet
New Century Group Hong Kong's (HKG:234) Weak Earnings May Only Reveal A Part Of The Whole Picture
NEW CENTURY GP: Annual Report 2024
New Century Group Hong Kong Swings to Profit in Fiscal Year 2024; Shares Up 7%
New century gp (00234.HK) turned a loss into a profit with a total of 22.413 million HKD for the year.
New Century GP (00234.HK) announced on June 20 that the group's revenue increased by 10.3% to HKD 88.291 million for the year ending March 31, 2024; the group recorded a profit attributable to shareholders of HKD 22.413 million, compared to a loss of HKD 36.866 million attributable to shareholders in the previous year, turning loss into profit. Ordinary shareholders of the company hold a private equity of HKD 0.39 per share. The increase in group revenue is mainly due to the fair value gain of listed equity investments for the year, which has changed from a fair value loss of HKD 13.578 million in the previous year to a fair value gain of HKD 740,000 for the year.
NEW CENTURY GP: ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 MARCH 2024
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