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Wanxing holdings(08093) announced the first quarterly results for the three months ended 30 September 2022. During the period, the group achieved revenue of HK$45,000, a year-over-year decrease of 99.80%; loss attributable to shareholders was HK $ 6.924 million, and profit attributable to shareholders in the same period last year Profit was HK $ 4.977 million, turning profit into loss year on year; basic loss per share was 1.42 Hong Kong cents.
According to the announcement, the shift from profit to loss was mainly due to the decline in the group’s operating profit during the reporting period.
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