Hin Sang Group Expects Reduced Annual Loss

Hin Sang Group (International) Holding Co. Ltd. (HK:6893) has released an update.

Hin Sang Group (International) Holding Co. Ltd. anticipates a decrease in its consolidated net loss to HK$37 million for the financial year ended 31 March 2024, down from HK$49.2 million the previous year. This improvement is primarily due to a 13.7% increase in revenue following a rebound in Hong Kong’s tourism and retail sectors, and a gain on fair value change of financial assets. The company urges shareholders and potential investors to exercise caution and await the finalised annual results due on 28 June 2024.

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