OKG Technology Holdings Swings to Loss in Fiscal 2024, Shares Down 9%

MT Newswires Live07-29

OKG Technology Holdings (HKG:1499) recorded a net loss attributable to owners of HK$40.3 million for the year ended March 31, against a profit of HK$43.5 million recorded in the previous fiscal year, a Monday filing with the Hong Kong Exchange said.

Loss per share was HK$0.0075 for the reporting year, against earnings of HK$0.0081 per share a year ago.

The company's revenue for the period came in at HK$337.3 million, 2.2% lower as compared to the HK$344.9 million recorded in the previous year. The company attributed the decrease to the disturbance in the digital asset industry resulting in a decrease in revenue from the company's digital asset business.

The company's shares were down over 9% in recent trade.

Price (HKD): $0.14, Change: $-0.01, Percent Change: -6.67%

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