Magnus Concordia Group Narrows Losses Despite Revenue Dip

Magnus Concordia Group Limited (HK:1172) has released an update.

Magnus Concordia Group Limited reported a marked decrease in revenue and gross profit for the fiscal year ending March 31, 2024, but also posted a significant reduction in losses compared to the previous year. Revenue dropped by 35% and gross profit fell by 14%, while the loss attributable to owners decreased by 67%. Shareholders’ equity also witnessed a decline, with a 46% decrease from the previous year.

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