Golden Resources Reports Steady Revenue at HK$2.08 Billion, Profit from Operations Drops Significantly to HK$4.7 Million for Fiscal Year Ending March 2025

Reuters
26 Jun
Golden Resources Reports Steady Revenue at HK$2.08 Billion, Profit from Operations Drops Significantly to HK$4.7 Million for Fiscal Year Ending March 2025

Golden Resources Development International Ltd. has announced its consolidated results for the fiscal year ending March 31, 2025. The company reported a slight increase in revenue, with HK$2,078.9 million in 2025 compared to HK$2,072.3 million in the previous year. The gross profit decreased to HK$794.5 million from HK$804.5 million in 2024. Significant changes were observed in the revaluation of investment properties, showing a deficit of HK$21.8 million in 2025 compared to a surplus of HK$69.4 million in 2024. Selling and distribution costs rose to HK$493.0 million from HK$454.7 million, while administrative expenses slightly decreased to HK$243.5 million from HK$249.2 million. The profit from operations experienced a notable decrease, dropping to HK$4.7 million from HK$148.9 million in the previous year. Finance costs were reduced to HK$3,000 from HK$390,000. The share of results from associates was recorded as a loss of HK$1.2 million, consistent with the previous year. The company's chairman highlighted the resilience of the business amid challenging market conditions, maintaining steady revenue performance across key regions including Hong Kong, Macau, Southeast and North Asia, as well as sustained export activities to Europe and the United States. Despite the economic challenges, the company continues to focus on making strategic decisions to navigate near-term uncertainties.

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