GoFintech Innovation Limited (HK:0290) has released an update.
GoFintech Innovation Limited has reported its annual financial results for the fiscal year ending March 31, 2024, noting an increased revenue of HK$49,456,000 compared to the previous year’s HK$26,943,000. Despite this revenue growth, the company faced a net loss of HK$30,679,000, a slight improvement over last year’s HK$58,855,000 loss. Key financial challenges included net losses on investments, high staff costs, and other operating expenses, although some reductions in finance costs and expected credit losses on receivables were observed.
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