Zhitong Financial App News, Global Strategic Group (08007) released its results for the year ended September 30, 2021. The company achieved a profit of HK $71.486 million for the period, an increase of 67.28% over the same period last year. The owner of the company should have a loss of HK $20.982 million for the year, down 79.4% from the same period last year. The basic loss per share was HK15.2 cents.
It is learnt that the decrease in losses in 2021 is mainly due to the net impact of impairment losses on current and non-current assets in 2020 and the reduction in financial costs.