Elegance Optical Reports Substantial Annual Loss

Elegance Optical International Holdings Limited (HK:0907) has released an update.

Elegance Optical International Holdings Limited reported a significant loss for the financial year ended March 31, 2024, with the total loss amounting to HK$59,359,000 compared to the previous year’s HK$45,668,000. This decline was driven by increased costs and losses from both continuing and discontinued operations, as well as a notable drop in gross profit from HK$6,369,000 in 2023 to HK$4,874,000 in 2024. The company also saw a substantial loss per share, indicating a challenging year for the Group.

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