Kin Shing Holdings Swings to Loss in 2024

Kin Shing Holdings Ltd. (HK:1630) has released an update.

Kin Shing Holdings Limited reported a shift from a profit of HK$11,887,000 in 2023 to a loss of HK$43,810,000 for the fiscal year ended 31 March 2024. This downturn is attributed to increased direct costs and net other losses, despite a significant increase in revenue to HK$1,244,556,000. The company’s total assets grew, yet net assets saw a decrease from the previous year.

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