Thelloy Development Group Ltd. Reports 55.1% Revenue Increase to HK$400.2 Million, Swings to HK$51.4 Million Loss for Fiscal Year Ending March 2025

Reuters
Jun 26
Thelloy Development Group Ltd. Reports 55.1% Revenue Increase to HK$400.2 Million, Swings to HK$51.4 Million Loss for Fiscal Year Ending March 2025

Thelloy Development Group Ltd. has announced its annual results for the year ended 31 March 2025. The company reported a total revenue of approximately HK$400.2 million, marking an increase of around 55.1% compared to the previous year. However, the Group experienced a loss attributable to owners of approximately HK$51.4 million for the year, contrasting with a profit of approximately HK$8.3 million in the previous year. The Board has decided not to recommend the payment of a final dividend for the year. The company's operations continue to be based in Hong Kong, with all revenue derived from services delivered in the region. The outlook for the group hinges on its ability to renew banking facilities to maintain operations as a going concern.

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