IWS released its annual performance, with a loss attributable to shareholders of HKD 490 million, an increase of 657.2% year-on-year
IWS released its annual results for the year ending March 31, 2025, with revenue of HKD 45.089 million, a year-on-year increase of 5.6%. However, the loss attributable to shareholders reached HKD 490 million, a year-on-year increase of 657.2%, with a basic loss per share of HKD 0.102. The increase in losses was mainly due to impairment losses on land, buildings, and machinery, as well as an increase in the share of losses from associates
According to the Zhitong Finance APP, IWS (00923) released its annual performance for the year ending March 31, 2025, with revenue of HKD 45.089 million, a year-on-year increase of 5.6%; the loss attributable to shareholders was HKD 490 million, a year-on-year increase of 657.2%; basic loss per share was HKD 0.102.
The significant increase in losses was due to an impairment loss provision of HKD 356.6 million made for the reduction in the carrying value of the group's land and buildings in Tseung Kwan O and certain machinery as of March 31, 2025, as well as an increase in the share of losses attributable to the group's equity in an associate and the impairment provision made
