SINOHOPE TECH announces annual performance with a net loss of approximately HKD 2.87 per share, a YoY increase of 43.92%.
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SINOHOPE TECH has announced its annual performance for the year ending September 30, 2023. The operating income from continuing operations decreased by 68.7%, gross profit decreased by 90.6%, and the company's attributable loss to owners expanded by 43.92%. The loss is mainly due to increased expenditure on developing new businesses, the inability to withdraw assets from the cryptocurrency exchange FTX, and one-time expenses caused by human resources restructuring and cost management plans.
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