New Provenance Everlasting Holdings Reports 45.6% Revenue Drop, Swings to HK$4.03M Gross Loss for Fiscal Year Ending March 2025

Reuters
06/25
New Provenance Everlasting Holdings Reports 45.6% Revenue Drop, Swings to HK$4.03M Gross Loss for Fiscal Year Ending March 2025

New Provenance Everlasting Holdings Limited has announced its audited consolidated results for the year ended March 31, 2025. The company reported a significant decrease in revenue, which dropped to HK$470.3 million from the previous year's HK$864.3 million. The Group experienced a gross loss of HK$4 million, contrasting with a gross profit of HK$12 million in 2024. Other net income also saw a decline, coming in at HK$995,000 compared to HK$3.2 million the previous year. Administrative expenses increased to HK$16.9 million from HK$13.6 million in 2024, while the loss allowance recognized on trade receivables was HK$5.2 million, a marked improvement from HK$32.6 million the prior year. Furthermore, the company recognized an impairment loss on property, plant, and equipment amounting to HK$10.7 million, a newly reported figure for 2025. There was no specific outlook or guidance provided for future performance within the announcement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Provenance Everlasting Holdings Limited published the original content used to generate this news brief on June 25, 2025, and is solely responsible for the information contained therein.

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