Yangtzekiang Garment Co. Ltd. (HK:0294) has released an update.
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Yangtzekiang Garment Limited reports a challenging fiscal year ended March 31, 2024, with a notable decrease in revenue and a significant loss for the year, compared to the previous year. Despite a slight increase in other net income, the company faced a larger loss due to increased losses from joint ventures and net valuation losses on investment properties, culminating in a basic and diluted loss per share of $0.23. The overall financial performance has resulted in a substantial total comprehensive income loss, reflecting the company’s difficulties during the year.
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