LANG CO (08072) announces annual performance, with a loss attributable to owners of approximately HK$58.802 million, an increase of 70% year-on-year.

LANG CO (08072) announced its financial performance for the year ending on March 31, 2026. The company reported a revenue of HK$48.39 million, representing a year-on-year increase of approximately 15.3%. The company's attributable loss was approximately HK$58.802 million, a 70% increase compared to the previous year, resulting in a loss per share of HK$0.36. According to the announcement, the increase in loss was primarily due to an increase in other expenses of approximately HK$5.7 million, an expected increase in credit loss provisions of approximately HK$21.2 million, and a decrease in other income, other gains, and losses of approximately HK$7.9 million. For the year ending on March 31, 2026, all of these negative factors outweighed the positive factor of the revenue increase of approximately HK$6.4 million.