Tat Hong Equipment Service Co. Ltd. (HK:2153) has released an update.
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Tat Hong Equipment Service Co., Ltd. reported a significant downturn in its financial performance for the fiscal year ended March 31, 2024, with revenue dropping by 11.5% to RMB 682.3 million and losses increasing by 167% to RMB 95.6 million. This decline was attributed to the sluggish economic recovery and soft construction sector post-COVID-19, leading to reduced equipment usage and service prices. Consequently, the company has decided not to issue a final dividend for the year.
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