QPL International (00243) said its net loss for the year ended 30 April 2016 narrowed to HK$10.99 million from HK$46.74 million for the previous financial year.
Basic and diluted loss per share was HK2.99 cents.
The turnover was HK$287 million, an increase of 9.4% from a year earlier.
During the year under review, the Group was suffered from unfavourable business environment together with increased in wages and operating costs in the People's Republic of China had a negative impact on the Group's business operations and margins.
No final dividend will be distributed.