Pioneer Global Group Reports Decrease in Annual Revenue to HK$239.9M, Posts Loss Before Tax of HK$161.5M for Year Ended March 2025
Reuters
Jun 27
Pioneer Global Group Reports Decrease in Annual Revenue to HK$239.9M, Posts Loss Before Tax of HK$161.5M for Year Ended March 2025
Pioneer Global Group Limited has announced its audited consolidated results for the year ended 31 March 2025. The company's segment revenue for properties and hotels amounted to HK$212.2 million, down from HK$231.8 million in the previous year. Meanwhile, the investments and others segment reported revenue of HK$27.7 million, an increase from HK$17.7 million in 2024. The overall consolidated segment revenue was HK$239.9 million, compared to HK$249.5 million in the prior year. The Group's segment results showed a decrease, with properties and hotels recording HK$140.1 million from HK$157.8 million in 2024, while investments and others saw an increase to HK$26.7 million from HK$16.9 million. The total consolidated segment results were HK$166.8 million, down from HK$174.6 million the previous year. The Group reported an operating profit of HK$166.7 million, a decrease from HK$174.5 million in the prior year. However, the loss before taxation widened to HK$161.5 million, compared to a loss of HK$68.5 million in the previous period. Detailed results and the company's 2025 annual report will be made available on the company's website and the Stock Exchange of Hong Kong Limited's website by 30 July 2025.
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