---
title: "\"Performance\" IBO TECH's losses for the fiscal year 2024 expanded to 804 million RMB"
description: "IBO TECH announced its financial results for the fiscal year ending March 2024, with revenue recorded at RMB 199 million, a year-on-year decrease of 78.1%. The loss expanded from RMB 244 million in th"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/260918662.md"
published_at: "2025-10-13T15:22:31.000Z"
---

# "Performance" IBO TECH's losses for the fiscal year 2024 expanded to 804 million RMB

> IBO TECH announced its financial results for the fiscal year ending March 2024, with revenue recorded at RMB 199 million, a year-on-year decrease of 78.1%. The loss expanded from RMB 244 million in the previous year to RMB 804 million, with a loss per share of 114.9 cents. No dividend will be distributed. The company's shares will be suspended from trading starting April 29, 2024, and will remain suspended

IBO TECH (02708.HK) announced its financial results for the fiscal year ending March 2024, with revenue recorded at RMB 199 million, a year-on-year decrease of 78.1%. The loss expanded from RMB 244 million in the previous year to RMB 804 million, with a loss per share of 114.9 cents. No dividend will be distributed.

The company's shares will be suspended from trading starting April 29, 2024, and will remain suspended

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.