China Sinostar Group Narrows Annual Losses

China Sinostar Group Company Limited (HK:0485) has released an update.

China Sinostar Group Company Limited reported a consolidated annual loss of HK$18,589,000 for the year ended 31 March 2024, a significant improvement from the previous year’s loss of HK$51,210,000. The company also experienced a total comprehensive loss of HK$35,178,000, attributed largely to losses on revaluation of investment properties and foreign exchange differences. Despite the losses, the gross profit increased from HK$3,413,000 in 2023 to HK$5,855,000 in 2024.

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