Coastal Greenland Limited Faces Deepening Losses

Coastal Greenland Limited (HK:1124) has released an update.

Coastal Greenland Limited reported a significant annual loss of HK$1.4 billion for the fiscal year ended 31 March 2024, a substantial increase from the previous year’s loss of HK$426.5 million. Revenue plummeted to HK$4.2 million from HK$211.4 million the prior year, while the company maintained a net debt to total equity ratio of 33%, which is within manageable levels.

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