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BAR PACIFIC: Annual Report 2023/24
Bar Pacific (08432.HK) achieved a net profit of HKD 604,000 for the year, a decrease of 94% year-on-year.
Pacific Bar (08432.HK) announced on June 28 that it achieved revenue of HKD 208 million for the year ending March 31, 2024, an increase of 19% year-on-year. The company's owner is entitled to a profit of HKD 604,000 for the year, a decrease of 94% year-on-year. Basic earnings per share were 0.07 Hong Kong cents. The announcement stated that this year's restaurant and bar operations generated revenue of HKD 207 million, an increase of about 19.0% compared to the previous year. The increase in revenue is mainly attributed to the end of the compulsory closure order (“Compulsory Closure”) on May 18, 2022, which required the closure of all bars and pubs.
BAR PACIFIC: ANNOUNCEMENT OF FINAL RESULTSFOR THE YEAR ENDED 31 MARCH 2024
Bar Pacific (08432.HK) expects an annual net after-tax profit of approximately HKD 500,000 to HKD 2.5 million.
On June 19, Gralon announced that Pacific Bar (08432.HK) expects to record a net profit of approximately HKD 500,000 to HKD 2.5 million for the year ending March 31, 2024, while a net profit of approximately HKD 11 million was recorded for the year ending March 31, 2023. The expected decrease in net profit after tax is mainly due to a significant decrease in government subsidies related to the COVID-19 pandemic received during the year.
Express News | Bar Pacific - Expected Result Due to Substantial Decrease in Covid-19 Related Govt Subsidies Received During Year
Express News | Bar Pacific Sees Net Profit After Tax From HK$0.5 Mln to HK$2.5 Mln for Year
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