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China PPT Inv (00736) announced its annual performance with a net loss of about 131 million Hong Kong dollars, a year-on-year expansion of 128.78%.
According to the annual performance report until March 31, 2024 released by China PPT Inv (00736), the revenue was 66,393,000 Hong Kong dollars, a decrease of 2.73% compared to the previous year; the net loss was approximately 131 million Hong Kong dollars, a year-on-year increase of 128.78%; and the loss per share was 49 Hong Kong cents. The announcement stated that the decrease in revenue was mainly due to the government's acquisition of a land in the area where one of the Group's investment properties is located, which resulted in a decrease in rental income. The loss was mainly attributed to the expected credit loss from accounts receivable and interest receivable from lending business, trade and other accounts receivable, as well as the valuation loss of investment properties, respectively.
Express News | China Properties Investment Holdings FY Revenue HKD 66.39 Million
Express News | China Properties Investment Holdings FY Net Income HKD -130.82 Million
CHINA PPT INV: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEARENDED 31 MARCH 2024
China PPT Inv (00736.HK) plans to hold a board of directors meeting on June 28 to approve the annual performance.
China PPT Inv (00736.HK) announced on June 14th that the company will hold a board of directors meeting on Friday, June 28th, 2024 to consider and approve, among other things, the publication of the annual performance of the company and its subsidiaries ending on March 31st, 2024.
CHINA PPT INV: INTERIM REPORT 2023
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