MOST KWAI CHUNG (HKEX: 01716) has released its financial results for the fiscal year ended March 31, 2026.
The company reported revenue of HK$92.006 million, representing a decrease of 1.69% compared to the previous year.
Profit attributable to owners of the company was HK$1.616 million, a significant decline of 73.62% year-on-year.
Basic and diluted earnings per share were reported at HK$0.006.
The company attributed the decrease in revenue primarily to a drop in book and merchandise sales within its other media and services segment.
The substantial fall in profit was mainly due to the absence of a gain from the staged acquisition fair value adjustment related to the purchase of a 31% stake in To Be Honest Limited, which was recorded in the prior fiscal year ending March 31, 2025.
Additionally, increased staff costs from the distribution of special bonuses to employees contributed to the lower profit, though this was partially offset by a net reversal of impairment losses on trade receivables and the waiver of an amount payable to an associate company.