Mexan Limited Reports 63% Drop in Revenue, Loss Attributable to Owners up by 53%, EPS Declines by 53%
Reuters
Jun 18
Mexan Limited Reports 63% Drop in Revenue, Loss Attributable to Owners up by 53%, EPS Declines by 53%
Mexan Limited has announced its consolidated results for the fiscal year ending March 31, 2025. The company reported a significant decrease in revenue from continuing operations, which fell to HK$37.6 million from HK$102.5 million in the previous year. The loss attributable to the owners of the company for the year increased by 53%, reaching HK$30.7 million compared to HK$20.2 million in 2024. The company reported a basic and diluted loss per share of 1.63 HK cents, up from a loss of 1.03 HK cents in the previous year. The gross profit from continuing operations declined sharply to HK$6.9 million from HK$28.6 million in 2024. Meanwhile, other income saw a substantial increase, rising to HK$7.9 million from HK$1.5 million in the previous year. The company also faced a substantial impairment loss on investment property amounting to HK$31.8 million, compared to HK$7.4 million in 2024. There was no dividend paid or declared during the year. The board did not provide specific guidance or outlook for the coming year.
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. Mexan Limited published the original content used to generate this news brief on June 18, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.