V.S. INT'L released 17 months of performance, with a loss attributable to shareholders of 16.087 million yuan
V.S. INT'L released its 17-month performance report ending December 31, 2024, with revenue of 239 million yuan, a loss attributable to shareholders of 16.087 million yuan, and a basic loss per share of 0.68 cents. The company plans to reduce leverage and improve liquidity to enhance its financial condition, and to increase operational flexibility and reduce debt through a light asset model. Meanwhile, the group is seeking ways to lease its existing investment properties
According to the Zhitong Finance APP, V.S. INT'L (01002) announced its performance for the 17-month period ending December 31, 2024. During this period, the group achieved revenue of 239 million yuan (RMB, the same below); the loss attributable to the owners of the company was 16.087 million yuan; basic loss per share was 0.68 cents.
The announcement stated that the group will continue to streamline its operations, reduce leverage structure, and improve liquidity to enhance its financial condition. By adopting a light asset and cost model, the group should be able to improve its operational flexibility, reduce its debt, and minimize the adverse impact on business operations. In addition, the group is seeking ways to lease its existing investment properties
