New Century Group Hong Kong Reports 2.2% Revenue Increase, Posts HK$46M Loss, EPS Down to HK(0.96) Cent
New Century Group Hong Kong Ltd. has announced its financial results for the year ended 31 March 2025. The company reported a slight increase in revenue of 2.2%, reaching HK$90.263 million, compared to HK$88.291 million in the previous year. This increase was primarily due to a rise in fair value gains on listed equity investments, which amounted to HK$4.140 million, up from HK$74,000 in 2024, and an increase in dividend income from listed equity investments, which rose to HK$1.493 million from HK$185,000. Despite the increase in revenue, the company reported a net loss of HK$46.023 million for the year, compared to a profit of HK$34.991 million in the prior year. This loss was partly driven by net fair value losses on investment properties amounting to HK$69.4 million, a significant decrease from a gain of HK$10.149 million reported in the previous year. Administrative and operating expenses decreased slightly to HK$44.531 million from HK$46.731 million. The company has stated that it will continue to focus on asset management and portfolio optimization, aiming to mitigate risks and maintain stable income streams amid uncertainties, with the goal of creating lasting value for shareholders.
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