Nan Nan Resources Enterprise Limited (HK:1229) has released an update.
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Nan Nan Resources Enterprise Limited reported a significant turnaround with a net profit of HK$37,697,000 for the year ended 31 March 2024, compared to a net loss of HK$59,038,000 the previous year. This recovery is highlighted by a substantial gain on fair value changes of convertible bonds and reduced finance costs, despite a decrease in revenue. The company’s total comprehensive income for the year also improved, with HK$44,458,000 recorded, moving away from a comprehensive loss of HK$96,873,000 in 2023.
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