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ZO FUTURE GROUP: ANNUAL REPORT 2023/2024
ZO Future Group Clarifies Loan Agreement Details
ZO FUTURE GROUP: FINAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 30 JUNE 2024
ZO Future Group Announces Surge in Annual Losses
Zo Future Group (02309) issued a profit warning, expecting an annual shareholder loss of approximately 0.19 billion Hong Kong dollars.
Zo Future Group (02309) announced that it has acquired the ownership of the company as of the end of the fiscal year ending on June 30, 2023...
zo future group (02309.HK) warns of losses: expected annual loss of approximately 0.19 billion Hong Kong dollars.
On September 13th, Gelonghui announced that the Zo Future Group (02309.HK) expects to incur a loss of approximately HKD 0.19 billion for the year ending June 30, 2024, compared to a loss of approximately HKD 25.7 million for the year ending June 30, 2023. The increase in loss is primarily due to: (i) no compensation from the football club division under the profit sharing arrangement between the company and Dongni Investment Co., Ltd; (ii) increased financing costs; (iii) loss from an associated company; (iv) group administration and other expenses, including
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