Easyknit Reports Substantial Revenue Increase Amid Losses

Easyknit International Holdings Ltd (HK:1218) has released an update.

Easyknit International Holdings Ltd has reported a significant shift in its financial standing for the year ended 31 March 2024, with a notable revenue increase to HK$227,114,000 from HK$86,762,000 the previous year. However, the company faced a downturn with a net loss attributable to owners of HK$254,739,000, compared to a profit of HK$10,905,000 in 2023, reflecting a challenging fiscal year. The company’s total assets decreased by 4.9%, and the net asset value per share dropped from HK$67.5 to HK$62.2, marking a decrease of 7.9%.

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