CH DEMETER FIN released its 2024 annual performance, with a loss attributable to shareholders of HKD 38.397 million, a year-on-year narrowing of 15.3%
CH DEMETER FIN released its 2024 annual performance, with a loss attributable to shareholders of HKD 38.397 million, a year-on-year decrease of 15.3%. Total revenue was HKD 134 million, a year-on-year decline of 14.4%. The loss was mainly due to impairment of property and equipment, impairment of receivables, and high administrative expenses
According to the Zhitong Finance APP, CH DEMETER FIN (08120) announced its annual performance for the year ending December 31, 2024, with total revenue of HKD 134 million, a year-on-year decrease of 14.4%; the loss attributable to owners of the company was HKD 38.397 million, a year-on-year narrowing of 15.3%; basic loss per share was HKD 0.4369.
For the fiscal year 2024, the net loss attributable to owners of the company was mainly due to impairment losses on properties, plants, and equipment of approximately HKD 8.579 million, impairment losses on receivables and interest of approximately HKD 2.135 million, and general and administrative expenses of approximately HKD 122 million, offset by loan interest income of approximately HKD 1.137 million, financial services revenue of approximately HKD 9.615 million, fair value gains on financial assets recognized in profit or loss of approximately HKD 175,000, revenue from alcoholic beverage distribution and miscellaneous businesses of approximately HKD 673,000, revenue from food and beverage businesses of approximately HKD 117 million, revenue from children's education businesses of approximately HKD 5.354 million, and a reversal of impairment losses on accounts receivable of approximately HKD 1.25 million
