Wisdomcome Group Holdings Reports Decrease in Net Assets to 28,735; Revenue from Money Lending Drops Significantly
Reuters
Jun 25
Wisdomcome Group Holdings Reports Decrease in Net Assets to 28,735; Revenue from Money Lending Drops Significantly
Wisdomcome Group Holdings Ltd. has released its annual results for the year ended March 31, 2025. The company's revenue from money lending activities stood at HK$41.559 million, down from HK$53.318 million in the previous year. Revenue recognized at a point in time within the scope of HKFRS 15 was HK$34.065 million, compared to HK$39.289 million in the previous year. The company's net assets were reported at HK$28.735 million, a decrease from HK$72.558 million in the prior year. Equity attributable to the owners of the company was HK$29.530 million, compared to HK$72.803 million the year before. The executive directors of Wisdomcome Group Holdings Ltd. have identified the operating segments as money lending and groceries retail and wholesale, primarily located in Hong Kong, for performance assessment and resource allocation. Segment results are reported without allocation of central administration costs and other financial factors. No specific guidance or outlook for the upcoming fiscal year was provided in the announcement.
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