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Hanison Construction Holdings' AGM Scheduled
HANISON: Annual Report 2023/2024
Hanison Announces New Framework Agreement
Hanison Construction Widens Loss in Fiscal Year 2024
Hanison (00896.HK): Annual comprehensive loss was HKD 216 million.
Hanison (00896.HK) announced on June 28 that for the fiscal year ending March 31, 2024, the group's revenue was HK$1.613 billion, an increase of about 30.8% compared to the previous fiscal year. The increase was mainly from the construction department. Owners of the company had a comprehensive loss of HK$216 million, while a net loss of HK$38.4 million was recorded the previous year. The net loss was mainly due to the increase in interest rates and the downturn in the property market, resulting in a loss in the valuation of investment properties held by the group and joint ventures and a reduction in about HK$187 million in developing unsold properties, along with interest expenses of about HK$65.6 million.
Express News | Corrected-Hanison Construction Holdings FY Net Income HKD -216 Million (Corrects Amount)
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