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CB GLOBAL: ANNUAL REPORT 2023/2024
cb global (08026.HK) annual loss of 76,095,000 Hong Kong dollars.
On June 28th, Gelunhui announced that cb global's revenue for the year ending March 31, 2024 was approximately HK$91.25 million, a decrease of approximately HK$17.07 million from last year; gross profit was approximately HK$18.846 million, a decrease of approximately HK$0.864 million from last year; the group recorded a loss of approximately HK$76.095 million, compared to a loss of approximately HK$43.386 million (restated) for the year ending March 31, 2023, mainly due to (i) a significant increase in impairment losses confirmed based on expected credit loss models (excluding reversals); and (ii) from
CB GLOBAL: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 MARCH 2024
CB Global (08026) issues profit warning, expected annual shareholder loss to expand year-on-year to no more than approximately 80 million Hong Kong dollars.
CB Global (08026) announced that the group is expected to have a loss not exceeding approximately HKD 80 million for the year ending March 31, 2024, which shall be attributed to the owners of the company, while the loss for the year ending March 31, 2023 is approximately HKD 43 million (restated). The announcement stated that the increase in the loss is mainly due to significant increase in impairment loss recognized according to the expected credit loss model (after reversal); and one-time employee share incentive plan expenses.
Express News | China Brilliant Global - Expected Loss Due to One off Employees Share Award Scheme Expenses, Others
Express News | China Brilliant Global Sees Loss Attributable for Year of Not More Than HK$80 Mln
China Brilliant Global Limited's (HKG:8026) 29% Share Price Plunge Could Signal Some RiskNo Data
