No Data
Some Veeko International Holdings Limited (HKG:1173) Shareholders Look For Exit As Shares Take 31% Pounding
VEEKO INT'L: ANNUAL REPORT 2024
Veeko Int’l (01173) released annual financial results, with a net loss of 40,043,000 Hong Kong dollars.
Veeko Int'l (01173) announced its annual results for the year ending March 31, 2024, with the group achieving revenue of HKD 587 million, a year-on-year increase of 24.14%; an annual loss of HKD 40.043 million, compared to a net profit of HKD 5.027 million in the same period last year; a loss per share of 1.59 Hong Kong cents. The Group recorded a net loss after tax of HKD 40.043 million (HKD 5.027 million net profit after tax in 2023). Due to the rise in bank borrowing rates, financial expenses this year increased significantly by HKD 17.569 million compared to the previous year. At the end of the financial year, the Group reviewed its investment properties.
VEEKO INT'L: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2024
Veeko International Warns of Swing to Loss in Fiscal Year 2024
Veeko Int'l (01173.HK) is expected to incur a net loss of approximately HKD 38-42 million for the fiscal year excluding tax.
On June 14th, Geelong announced that Veeko Int'l (01173.HK) recorded a profit after tax of about HKD 5,027,000 compared to the previous year. It is expected that the group will incur a loss after tax of between approximately HKD 38,000,000 to HKD 42,000,000 for the year ending on March 31, 2024. The expected loss for this year is mainly due to the combined impact of the following items: (i) the financial expenses increased significantly by approximately HKD 17,569,000 year-on-year due to the rise in bank borrowing rates; and (ii) the fair value of the group's investment properties was approximately HKD 19,881 higher than the previous year.
No Data
No Data