Gelonghui June 29?Changjiang Garment (00294.HK) noticeThe group's revenue for the year 2022x23 was HK $366 million (2021max 22: HK $390 million) and its overall loss was HK $23.249 million (2021max 2020: profit of HK $30.274 million).Loss per share was HK $0.11.
Although the group's revenue decreased by 6% during the year under review, the operating results of its core clothing business improved from a loss of HK $13.064 million last year to a profit of HK $18.738 million. This is due to the reduction of the operating loss of the plant Lavender in Bangladesh and the reduction in recurrent expenditure. However, the company's overall profit represented a loss of HK $23.249 million, which was mentioned in the profit warning issued earlier by the Group and explained in the management discussion and analysis, which was due to a loss on the company's Wuxi investment.