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Earnings Troubles May Signal Larger Issues for Chi Kan Holdings (HKG:9913) Shareholders
CHI KAN HLDGS: ANNUAL REPORT 2024
Chi Kan's Profit Down in Fiscal Year 2024
Chi Kan Holdings (09913) announced its annual performance, with a net profit attributable to owners of approximately HKD 28.10 million, a decrease of approximately 47.4% year-on-year.
WiseNews reports that Chi Kan Holdings (09913) announced its annual performance for the fiscal year ending March 31, 2024, with revenue of approximately HKD 1.5388 billion, a decrease of approximately 5.2% year-on-year; the net profit attributable to owners of the company is approximately HKD 28.10 million for the fiscal year, a decrease of approximately 47.4% year-on-year; earnings per share is 2.81 HK cents. The announcement stated that the decrease in revenue was mainly due to 25 projects on hand as of March 31, 2024 (24 projects in fiscal year 2023), which brought in approximately HKD 1.212 billion in business from the construction sector (approximately HKD 1.3737 billion in fiscal year 2023); and from
CHI KAN HLDGS: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2024
On June 28th, the board of directors of Chi Kan Hldgs (09913.HK) held a meeting to consider and approve the annual performance.
On June 18, Gelunhui announced that Chi Kan Holdings (09913.HK) will hold a board of directors meeting on Friday, June 28, 2024, to consider and approve the annual performance of the company and its subsidiaries for the fiscal year ending March 31, 2024; and to recommend the distribution of final dividends (if any).
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