MIN FU INTL announced its annual performance, with a loss attributable to shareholders of HKD 27.331 million, an increase of approximately 36% year-on-year
MIN FU INTL announced its annual results for the year ended March 31, 2025, with revenue of HKD 27.829 million, a year-on-year decrease of approximately 65.4%; the loss attributable to shareholders was HKD 27.331 million, a year-on-year increase of approximately 36%; basic loss per share was HKD 1.29. The decrease in revenue was mainly due to economic fluctuations and the slowdown in China's economic growth, while the increase in loss was primarily affected by the impairment of trade receivables and a decrease in gross profit
According to the Zhitong Finance APP, MIN FU INTL (08511) announced its annual performance for the year ending March 31, 2025, with revenue of HKD 27.829 million, a year-on-year decrease of approximately 65.4%; the loss attributable to the company's owners was HKD 27.331 million, a year-on-year increase of approximately 36%; basic loss per share was HKD 1.29.
The announcement stated that the decrease in revenue was mainly due to economic fluctuations, a slowdown in China's economic growth, and potential clients postponing their budgets for investments in smart manufacturing solutions. The increase in losses was primarily due to impairment losses on trade receivables and a decrease in gross profit
