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Minerva Group Reports Increased Losses in 2024 Financial Results
Express News | Minerva Group Holding FY Revenue HKD 68.9 Million
MINERVA GROUP: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
Minerva Group Issues Profit Warning Amid Economic Challenges
MINERVA GROUP (00397.HK): Expected consolidated net loss for the fiscal year 2024 is not less than 0.144 billion HKD.
On March 25, Glorious Heritage announced that MINERVA GROUP (00397.HK) has issued a profit warning announcement regarding the fiscal year ending December 31, 2024, dated January 17, 2025. According to a preliminary assessment of the latest available unaudited consolidated management accounts of the group, this includes (i) an estimated fair value change loss on financial assets recorded at fair value through profit and loss of approximately 85 million Hong Kong dollars (2023: 0.106 billion Hong Kong dollars); and (ii) an estimated expected Crediting loss on receivables and interests of approximately 74 million Hong Kong dollars (2023: 24 million Hong Kong dollars). The group expects 2
Express News | Minerva Group Sees Consolidated Net Loss of Not Less Than HK$144 Mln for FY2024
