HKET HOLDINGS released its annual performance, reporting a loss attributable to shareholders of HKD 35.689 million, turning from profit to loss year-on-year
HKET HOLDINGS released its annual results for the year ending March 31, 2025, reporting a loss attributable to shareholders of HKD 35.689 million, a year-on-year turnaround from profit to loss. The group's revenue was HKD 804 million, a decrease of 13% year-on-year. The loss per share was HKD 0.0827. After accounting for confirmed non-cash impairments and one-time items, the performance improved, mainly due to effective cost control measures
According to the Zhitong Finance APP, HKET HOLDINGS (00423) released its annual performance for the year ending March 31, 2025, reporting revenue of HKD 804 million, a decrease of 13% year-on-year; the loss attributable to shareholders was HKD 35.689 million, compared to a profit of HKD 54.222 million in the same period last year; the loss per share was HKD 0.0827.
After confirming a non-cash impairment of HKD 5.2 million on certain investment properties, the loss attributable to shareholders for the fiscal year ending March 31, 2025, was HKD 35.7 million. The net performance for the fiscal year ending March 31, 2024, included a one-time gain of HKD 122.1 million from property sales, partially offset by non-cash impairments of HKD 11.8 million on certain non-current assets and a write-off of deferred tax assets of HKD 21.1 million (one-time items). After deducting the non-cash impairments and one-time items for both years, the group's performance improved by HKD 4.5 million compared to the previous fiscal year, mainly due to effective cost control measures
