CN CULTURE GP announced its annual performance, with a net loss of HKD 4.782 million, narrowing by 89% year-on-year
CN CULTURE GP announced its annual performance for the year ending March 31, 2025, with revenue of HKD 43.708 million, an increase of 57% year-on-year; a net loss of HKD 4.782 million, a decrease of 89% year-on-year; and a loss per share of HKD 0.0484. The revenue growth was mainly attributed to increased turnover in the advertising and e-commerce sectors, while the reduction in losses was due to improvements in gross profit, administrative expenses, and other income
According to the announcement from CN CULTURE GP (00745), the annual performance for the year ending March 31, 2025, reported revenue of HKD 43.708 million, an increase of 57% year-on-year; a net loss of HKD 4.782 million, a decrease of 89% year-on-year; and a loss per share of HKD 0.0484.
The announcement stated that the revenue growth was mainly due to increased turnover from the advertising and e-commerce segments. The reduction in net loss was primarily due to the net impact of gross profit, administrative expenses, and other income or losses, as well as a decrease in the impairment loss provisions for trade receivables
