CA CULTURAL (01566) releases annual performance. Shareholders' net loss was HKD 33.043 million, a year-on-year decrease of 80.64%.

CA CULTURAL (01566) announced its annual performance for the year ending on March 31, 2025. The group achieved a revenue of HK$367 million, a year-on-year increase of 0.81%. The company's attributable net loss was HK$33.043 million, a year-on-year decrease of 80.64%. The basic loss per share was HK$0.028. The announcement stated that the decrease in the company's attributable net loss was due to an increase in gross profit of approximately HK$33.7 million, a decrease in impairment losses on property, plant, and equipment and intangible assets of approximately HK$13.5 million, a reversal of impairment losses on several severely overdue receivables (partially settled as of the year ending on March 31, 2025) of approximately HK$31.8 million, and an increase in other income or loss of approximately HK$58.9 million due to the termination of recognition of intangible assets and lease liabilities.