Wai Hung Group Holdings Ltd. announced its consolidated financial results for the year ended 31 December 2024, reporting a significant decline in revenue. The Group's revenue amounted to approximately MOP8.8 million, representing a sharp decrease of 91.7% compared to MOP105.8 million in 2023. The Group reported a gross loss of MOP4.78 million, slightly improving from a gross loss of MOP5.27 million in the previous year. The net loss before taxation stood at MOP26.83 million. Revenue from the Group's operations in Macau was MOP8.53 million, down from MOP105.76 million in 2023, while revenue from Hong Kong was MOP0.3 million, up from MOP0.085 million in the prior year. The Group's non-current assets in Macau decreased to MOP0.204 million from MOP0.385 million, and in Hong Kong, they decreased to MOP0.955 million from MOP1.117 million. The Group's revenue is primarily derived from the provision of fitting-out and repair and maintenance services in Macau. No outlook or guidance for future performance was provided in the announcement. The Group acknowledged the potential risk to its ability to continue as a going concern, should it fail to achieve its strategic plans and measures.
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