CA CULTURAL Reports Annual Results: Shareholder Loss Narrows Significantly

Stock News
03/22

CA CULTURAL (01566) announced its annual results for the period ending March 31, 2025. The group recorded revenue of 367 million Hong Kong dollars, representing a slight increase of 0.81% compared to the previous year. The loss attributable to the company's owners was 33.043 million Hong Kong dollars, a substantial narrowing of 80.64% year-on-year. The basic loss per share was 0.028 Hong Kong dollars. The reduction in the loss attributable to owners was attributed to several factors, including an increase in gross profit of approximately 33.7 million Hong Kong dollars. There was also a decrease in impairment losses for property, plant, and equipment, as well as right-of-use assets, amounting to about 13.5 million Hong Kong dollars. Furthermore, an impairment loss provision of approximately 31.8 million Hong Kong dollars for certain severely overdue other receivables was reversed during the year, part of which was settled. Additionally, other gains or losses increased by about 58.9 million Hong Kong dollars, primarily due to the derecognition of right-of-use assets and lease liabilities.

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