Lumina Group Reports Increased Annual Loss

Lumina Group Limited (HK:1162) has released an update.

Lumina Group Limited reported a larger annual loss of HK$29,790,000 for the fiscal year ending March 31, 2024, compared to the previous year’s HK$24,419,000, despite a decrease in direct costs. The company’s revenue declined significantly from HK$78,448,000 to HK$46,489,000, and they faced various financial setbacks including impairment losses and a drop in gross profit. These results reflect a challenging year for the company with increased administrative expenses and finance costs contributing to the overall loss.

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