V.S. International Group Limited Financials Show Mixed Results

V.S. International Group Limited (HK:1002) has released an update.

V.S. International Group Limited reported an operating loss of RMB 21.25 million for the twelve months ended July 31, 2024, showing an improvement from the previous year’s RMB 23.78 million loss. The company experienced a drop in revenue from RMB 76.44 million to RMB 56.04 million, but mitigated some losses with a one-time gain on bargain purchase and reversal of impairment on investment. However, the overall loss for the period was still significant at RMB 8.80 million, down from RMB 22.32 million the year before.

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