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Safety Godown Shareholders Approve AGM Resolutions
Safety Godown Narrows Attributable Loss in Fiscal 2024
Safety Godown Co. Readies for Key 2024 AGM
SAFETY GODOWN: Annual Report 2023/24
Safety Godown Logs Slimmer Loss in Fiscal Year 2024
Safety godown (00237.HK) annual revenue increased by 20% to HKD 177 million year-on-year.
On June 25th, Gelunhui announced that Safety Godown (00237.HK) had an annual revenue increase of 20% to HKD 177 million for the fiscal year ending on March 31, 2024. Earnings per share decreased from HKD 0.46 to HKD 0.30. Excluding fair value losses from investment properties, the group's pre-tax core profit (a non-Hong Kong financial reporting standard financial metric) increased by 165% to HKD 96.986 million from HKD 36.547 million. Since the outbreak of the epidemic, the economic recovery in Hong Kong has been slower than expected, so companies generally adopt a wait-and-see and conservative business strategy. Therefore, the logistics business of this group recorded similar performance compared with last year.
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