China Tangshang Holdings Reports Fiscal Loss

China Tangshang Holdings Limited. (HK:0674) has released an update.

China Tangshang Holdings Limited reported a significant loss for the fiscal year ended March 31, 2024, with a total comprehensive loss of HK$137.89 million compared to a profit of HK$38.97 million in the previous year. The company’s revenue increased to HK$877.47 million from HK$650.77 million year-on-year, but this was offset by substantial losses, including a net loss of HK$113.52 million for the year. This downturn is reflected in a basic loss per share of HK$3.356, down from earnings of HK$1.097 per share in 2023.

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