Summary by Moomoo AI
NEW FIRE TECHNOLOGY HOLDINGS LIMITED (“NEW FIRE TECHNOLOGY”) ANNOUNCES ITS ANNUAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2023. The report showed that the company's total revenue fell sharply to about HK$28.34 billion from about HK$957.57 billion in 2022, a decline of 68.7%. Gross profit decreased from approximately HK$1.11 billion in 2022 to approximately HK$1,039 million, while gross profit decreased from 1.2% to 0.4%. The company's loss before income tax increased to approximately HK$2.82 billion from approximately HK$1.9 billion in 2022. New Fire Technologies completed the sale of Win Techno Inc. in November 2022 and completed the sale of all interests in Animoca Brands Corporation Limited in April 2023. In addition, the company reached an agreement with New Wave Capital Limited in March 2023 to sell all shares in...Show More