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WISDOMCOME GP: Annual Report 2023/2024
Wisdomcome gp (08079) released its annual performance and increased its year-on-year pre-tax loss by 112%, except for a loss of HKD 115 million.
Wisdomcome gp (08079) announced its annual performance for the year ending March 31, 2024. The group's income from lending was HKD 14,029,000, a decrease of 36.41% year-on-year; the pre-tax loss was HKD 115 million, an increase of 112% year-on-year; and the loss per share was HKD 0.23. The announcement stated that the increase in pre-tax loss was due to a decrease in demand for loans caused by rising market interest rates; the continued adoption of a prudent approach in the loan evaluation and approval process of the lending business unit; the emergence of multiple new competitors with similar business models in the market, leading to increased competition; and the retail and wholesale business unit.
Express News | Wisdomcome - FY Revenue From Sale of Goods HK$39.3 Mln Vs HK$49.3 Mln
Express News | Wisdomcome Group - FY Loss Attributable HK$114.4 Mln Vs Loss HK$54.1 Mln
WISDOMCOME GP: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 MARCH 2024
Express News | Wisdomcome Group - Expected Result Due to Increase in Market Interest Rate, Others
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