Zhitong Financial APP News, Blue River Holdings (00498) announced its annual results for the year ended March 31, 2023. The group's income for the period was HK $77.094 million, down 42.39% from the same period last year; the loss attributable to shareholders was HK $605 million, down 62.82% from the same period last year; and the basic loss per share was HK55.4 cents.
The announcement said that the decrease in revenue was mainly due to the decline in sales of LPG and compressed natural gas due to the popularity of electric vehicles and the phasing out of LPG vehicles in Wuhan.