CASSAVA RES announced its annual performance, with a loss attributable to the company's shareholders of approximately HKD 131 million, an increase of 17.39% year-on-year
CASSAVA RES announced its annual performance for the year ending March 31, 2025, with revenue of approximately HKD 978 million, a year-on-year decrease of 18%; the loss attributable to shareholders was approximately HKD 131 million, a year-on-year increase of 17.39%; the loss per share was HKD 0.2236. The decrease in revenue was mainly due to a slight increase in the export volume of dried cassava chips and changes in customer logistics terms leading to a decline in average selling price
According to the Zhitong Finance APP, CASSAVA RES (00841) announced its annual performance for the year ending March 31, 2025, with revenue of approximately HKD 978 million, a year-on-year decrease of about 18%; the loss attributable to shareholders of the company was approximately HKD 131 million, a year-on-year increase of 17.39%; the loss per share was HKD 0.2236.
The announcement stated that the decrease in revenue was mainly due to a slight increase of 4% in the export volume of dried cassava chips this year and the net effect of a decrease in average selling price caused by the change of customer logistics terms from C&F to FOB
