Welife Technology (HKG:1703) incurred an attributable loss of HK$32 million in the year ended March 31, compared with an attributable profit of HK$28.8 million in the year-ago period, a Tuesday filing with the Hong Kong bourse said.

Loss per share was HK$0.028, whereas the company had made earnings per share of HK$0.025 in the previous fiscal year.

The restaurant operator's revenue fell 46% to HK$227.6 million in the year from HK$421.3 million a year prior.

The lower revenue was mainly due to fewer number of customers and a decrease in banquet services provided by the firm.