Stelux Holdings (00084) said it reported a loss attributable to equity holders of HK$190 million for the year ended 31 March 2016, as compared to the profit of HK$91.756 million for the previous financial year.
Basic and diluted loss per share was HK18.16 cents.
The revenue was HK$3,402 million, a decrease of 13.7% from a year earlier.
The gross profit margin for the Group narrowed to 59.7% from 61.3%, as aggressive promotional incentives were implemented to drive sales in a market severely impacted by the downturn. However, due to the more resilient nature of the optical business, Optical 88 and eGG, were able to maintain gross profit margins at stable levels.
No final dividend will be distributed.
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