Minshang Creative Technology Swings to Loss as Revenue Plummets in Fiscal 2024

Minshang Creative Technology Holdings (HKG:1632) swung to a loss attributable to owners of HK$35.8 million for the fiscal year ended March 31, compared with a profit of HK$897,000 in the previous year

MT NewswiresJul 1 02:51 ET

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.

Zhitong FinanceJun 28 11:33 ET

Express News | Minshang Creative Technology Holdings FY Revenue HKD 10.2 Million

ReutersJun 28 10:58 ET

MSCTECH: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2024

Hong Kong Stock ExchangeJun 28 10:57 ET · Announcements

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.

Zhitong FinanceJun 21 07:24 ET

Express News | Minshang Creative Technology - Expected Result Due to Impairment Losses on Assets, Among Others

ReutersJun 21 07:22 ET