Quali-Smart Posts Revenue Decline and Net Loss

Quali-Smart Holdings Ltd. (HK:1348) has released an update.

Quali-Smart Holdings Ltd. reported a significant revenue drop of 48.1% for the year ended March 31, 2024, with total revenue falling to HK$177.3 million from the previous year’s HK$341.8 million. The company’s net loss increased by 2.4% to HK$74.0 million, attributed to decreased gross profit and increased interest expenses, among other factors. No final dividend will be paid for the year as the company navigates its financial challenges.

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