Richly Field China Development Ltd. Reports Surge in Revenue to HK$123.18M for Year Ended March 2025, Up from HK$31.92M in 2024

Reuters

Jun 30

Richly Field China Development Ltd. Reports Surge in Revenue to HK$123.18M for Year Ended March 2025, Up from HK$31.92M in 2024

Richly Field China Development Ltd. announced its audited consolidated annual results for the year ended 31 March 2025. The company reported a significant increase in revenue, rising to HK$123.18 million from HK$31.92 million in the previous year. The gross profit also saw a notable increase, reaching HK$32.93 million compared to HK$9.40 million for the year ended 31 March 2024. Other income, gains and losses improved from a loss of HK$39.58 million in 2024 to a gain of HK$318,000 in 2025. However, the company recorded a loss on the revaluation of investment properties amounting to HK$35.02 million, which was an improvement from a loss of HK$62.96 million the previous year. The company did not provide specific guidance or outlook for future periods in the announcement. The principal activities of Richly Field China Development Ltd. and its subsidiaries include property development, property investment, and the provision of property management services.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Richly Field China Development Ltd. published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.

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Reports Surge in Revenue to HK$123.18M for Year Ended March 2025, Up from HK$31.92M in 2024","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Richly Field China Development Ltd. Reports Surge in Revenue to HK$123.18M for Year Ended March 2025, Up from HK$31.92M in 2024\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Richly Field China Development Ltd. announced its audited consolidated annual results for the year ended 31 March 2025. The company reported a significant increase in revenue, rising to HK$123.18 million from HK$31.92 million in the previous year. The gross profit also saw a notable increase, reaching HK$32.93 million compared to HK$9.40 million for the year ended 31 March 2024. 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Reports Surge in Revenue to HK$123.18M for Year Ended March 2025, Up from HK$31.92M in 2024\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Richly Field China Development Ltd. announced its audited consolidated annual results for the year ended 31 March 2025. The company reported a significant increase in revenue, rising to HK$123.18 million from HK$31.92 million in the previous year. The gross profit also saw a notable increase, reaching HK$32.93 million compared to HK$9.40 million for the year ended 31 March 2024. Other income, gains and losses improved from a loss of HK$39.58 million in 2024 to a gain of HK$318,000 in 2025. However, the company recorded a loss on the revaluation of investment properties amounting to HK$35.02 million, which was an improvement from a loss of HK$62.96 million the previous year. 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Reports Surge in Revenue to HK$123.18M for Year Ended March 2025, Up from HK$31.92M in 2024\n    \n\n        Richly Field China Development Ltd. announced its audited consolidated annual results for the year ended 31 March 2025. The company reported a significant increase in revenue, rising to HK$123.18 million from HK$31.92 million in the previous year. The gross profit also saw a notable increase, reaching HK$32.93 million compared to HK$9.40 million for the year ended 31 March 2024. Other income, gains and losses improved from a loss of HK$39.58 million in 2024 to a gain of HK$318,000 in 2025. However, the company recorded a loss on the revaluation of investment properties amounting to HK$35.02 million, which was an improvement from a loss of HK$62.96 million the previous year. The company did not provide specific guidance or outlook for future periods in the announcement. 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