Century Entertainment International Holdings Ltd. has announced its audited annual results for the financial year ended 31 March 2025. The Group reported no revenue for the years ended 31 March 2025 and 2024. The net loss for the year ended 31 March 2025 was approximately HK$45.7 million, an increase from the net loss of approximately HK$24.2 million recorded for the year ended 31 March 2024. This significant increase in net loss was primarily due to higher costs of sales, financial costs, and an impairment loss on other receivables, which collectively increased the net effect by approximately HK$25.4 million. The loss per share for the year ended 31 March 2025 was approximately HK cents 35.67, compared to a loss per share of approximately HK cents 18.88 for the year ended 31 March 2024. The Group's net liabilities as of 31 March 2025 amounted to approximately HK$125.5 million, an increase of HK$45.7 million from the previous year's net liabilities of approximately HK$79.8 million. The company has not provided any specific outlook or guidance for future performance.
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.