Back
27 Mar 2025
Net Pacific FY2024 Revenue Falls 92.9%, Loss Widens
Summary:
- Revenue: Dropped 92.9% to HK$3.3 million in FY2024, down from HK$46.2 million in FY2023.
- Gross Profit: Fell 35.3% to HK$3.3 million, from HK$5.1 million in the prior year.
- Net Loss: Widened to HK$18.9 million in FY2024, compared to a HK$5.5 million loss in FY2023.
- Total Assets: Increased to HK$145.8 million as of 31 December 2024, up from HK$101.4 million.
- Total Liabilities: Rose significantly to HK$63.9 million, from HK$9.4 million the previous year.
- Cash & Cash Equivalents: Declined to HK$33.4 million, down from HK$47.2 million in FY2023.
Note: All data is sourced from Net Pacific Financial Holdings Limited's FY2024 Financial Report.