Zhaobangji (HKEX:1660) reports significant loss despite revenue decline
** Zhaobangji Lifestyle Holdings Limited (HKEX: 1660) announced its annual results for the year ended 31 March 2025, reporting a loss attributable to owners of the company of HKD 77.805 million, significantly increased from HKD 28.034 million last year. Revenue decreased by 26.1% to HKD 197.899 million, due to reduction of leasing related revenue, sales of machinery and spare parts and indoor retail revenue. The gross profit decreased to HKD 21.020 million. The company cited challenging market conditions, especially within the real estate sector in the PRC and Hong Kong, as factors impacting performance. The company's administrative expenses rose to HKD 44.637 million. The Board did not recommend the payment of a final dividend. As of March 31, 2025, the company's cash and bank balances were HKD 28.9 million. The board will continue to explore potential business opportunities to bring long-term value to its shareholders.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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