ParknShop announced its 2023 performance, with a net loss attributable to equity holders of HKD 50.477 million, a decrease of 16.92% year-on-year
Sands China announced its 2023 performance, with revenue of approximately HKD 146 million, a decrease of 0.25% year-on-year. Shareholders' equity attributable to losses was HKD 50.477 million, a decrease of 16.92% year-on-year. The loss per share was HKD 0.04. The decrease in losses was mainly due to higher gross profit margins, store closures, rental concessions, and other reasons. Unrealized gains from securities trading amounted to HKD 200,000. Part of the reduced losses was offset by the accrual and settlement amount related to former directors' claims
Intelligence Finance APP news, Parkson (00244) announced its 2023 performance, with revenue of approximately HKD 146 million, a year-on-year decrease of 0.25%; the company's equity holders' share of losses amounted to HKD 50.477 million, a year-on-year decrease of 16.92%; loss per share was HKD 0.04.
The announcement stated that the reduction in losses was mainly due to an increase in gross profit margin from 55.9% to 57.4%, resulting in an increase in gross profit of approximately HKD 2 million; the closure of a store at the end of 2022 and rental concessions obtained in the department store business led to a decrease in depreciation of right-of-use assets by approximately HKD 11.9 million; consultancy fees decreased by approximately HKD 3.6 million; unrealized gains from securities trading were approximately HKD 200,000, while unrealized losses from securities trading in the previous year were HKD 1.3 million; and estimated interest income from receivables transferred from Win Dynamic increased by approximately HKD 1.5 million. A portion of the reduced losses was offset by the accrual and settlement amount related to former directors, amounting to approximately HKD 10.3 million
