Annual Results Show CASSAVA RES Narrows Net Loss Significantly
Stock News
Jul 14
CASSAVA RES (HKEX: 00841) has announced its annual results for the period ending March 31, 2026. The group reported revenue of HK$1.275 billion, representing a year-on-year increase of 30.41%.
The loss attributable to the company's owners was HK$2.532 million, which narrowed by a substantial 98.06% compared to the previous year. Basic earnings per share were reported at 0.43 HK cents.
According to the announcement, the increase in the group’s revenue was primarily driven by two factors: (i) an increase in sales volume during the year, and (ii) the inclusion of revenue from tapioca starch produced at the group's factory in Laos, which commenced operations during the financial year.
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