Nippon Paint reports Nipsea International's FY2024 financial results

Nippon Paint Holdings (TSE:4612) today announced the FY2024 financial results of its parent company, Nipsea International Limited. The announcement reveals a net asset decrease from HKD6,889,114 thousand in FY2023 to HKD(6,322,199) thousand in FY2024. Contributing to this shift, Nipsea International experienced a loss/profit and other comprehensive loss for the year, amounting to HKD(15,211,314) thousand compared to a profit of HKD2,381,068 thousand the previous year. A significant item impacting the company's performance was an impairment loss on investment in a subsidiary, reaching HKD(16,196,520) thousand.