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MSCTECH: ANNUAL REPORT 2024
Minshang Creative Technology Swings to Loss as Revenue Plummets in Fiscal 2024
msctech (01632) released its annual results, and the shareholders' share of losses is estimated to be about HKD 35.8 million.
Msctech (01632) announced its annual performance results for the year ending on March 31, 2024. The group's revenue increased from HKD 2... to HKD ... year-on-year, representing a significant growth rate.
Express News | Minshang Creative Technology Holdings FY Revenue HKD 10.2 Million
MSCTECH: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2024
msctech (01632) issued a profit warning, with shareholders expected to have a net loss of about 40 million Hong Kong dollars for the year.
MSCTech (01632) announced that the Group is expected to have a net loss attributable to shareholders of the company of approximately HKD 40 million for the fiscal year ending March 31, 2024, and a net loss attributable to shareholders of the company of approximately HKD 1.4 million for the fiscal year ending March 31, 2023. The board of directors believes that the expected losses are mainly due to the adverse macroeconomic environment affecting the Group's business, and the decline in the business has also resulted in asset impairment losses.
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