China Wallet (00802) announced its annual results for the year ended December 31, 2023, with revenue of 709.59 million...
According to the Zhitong Finance App, China Wallet (00802) announced its annual results for the year ended December 31, 2023, with revenue of HK$709.59 million, a year-on-year decrease of 20.4%; loss attributable to company owners was HK$32.118 million, a year-on-year decrease of 52.4%; and a basic loss of HK5.32 cents per share.
The decrease in net losses was mainly due to the reduction in anticipated credit loss provisions and sales and administrative expenses on trade receivables, bonds receivable, deposits and other receivables.