China Investment Group Posts Annual Financial Loss

China Investment and Finance Group Ltd (HK:1226) has released an update.

China Investment and Finance Group Limited reported its annual financial results for the year ended March 31, 2024, showing a decrease in gross proceeds from the disposal of listed securities and a net loss for the year. The company experienced both realized and unrealized losses in its equity investments, contributing to a total comprehensive expense for the year attributable to owners of the company. Administrative expenses were reduced, but the company still faced a larger loss before tax compared to the previous year.

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