New Sparkle Roll Group Reports Major Losses

New Sparkle Roll International Group Limited (HK:0970) has released an update.

New Sparkle Roll International Group Limited has announced a significant loss for the fiscal year ending March 31, 2024, with revenue dropping to HK$3.26 billion from the previous year’s HK$3.99 billion. The company suffered a net loss of HK$612.3 million, a steep decline compared to the HK$53.6 million loss reported in 2023, amid impairments across several assets including goodwill, intangible assets, and property, plant, and equipment. Investors are alerted to the sharp downturn in performance as the company navigates a challenging financial period.

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