LUK HING ENT released its 2024 annual performance, with a loss attributable to shareholders of HKD 9.365 million

LUK HING ENT released its 2024 annual performance, with revenue of HKD 123 million, a year-on-year increase of 28.8%. However, the loss attributable to the owners of the company was HKD 9.365 million, a significant decline from the profit of HKD 14.899 million in the same period last year. The basic loss per share was HKD 0.0171. The growth in total revenue was mainly due to the successful recovery of annual music festival events, which brought in additional revenue of HKD 41.9 million, but restaurant sales fell by HKD 14.3 million due to Hong Kong residents shifting their consumption to the mainland

According to the Zhitong Finance APP, LUK HING ENT (08052) announced its annual performance for the year ending December 31, 2024, with revenue of HKD 123 million, a year-on-year increase of 28.8%; the loss attributable to the company's owners was HKD 9.365 million, compared to a profit of HKD 14.899 million in the same period last year; basic loss per share was HKD 0.0171.

The year-on-year growth in total revenue during the period was mainly due to the successful recovery of the company's annual music festival activities, which generated additional revenue of HKD 41.9 million, partially offsetting the decline in restaurant sales of HKD 14.3 million caused by Hong Kong residents increasingly consuming in mainland China