Vongroup Ltd. announced audited consolidated earnings results for the year ended April 30, 2013. For the year, the company reported turnover was HKD 34,216,000 against HKD 27,650,000 a year ago. Loss from operations was HKD 8,527,000 against HKD 38,708,000 a year ago.

Loss before taxation was HKD 9,076,000 against HKD 41,151,000 a year ago. Loss for the year attributable to owners of the company was HKD 8,601,000 against HKD 41,220,000 a year ago. Basic and diluted loss per share was HKD 0.0015 against HKD 0.0070 a year ago.

The reduction in loss for the year was mainly due to the strengthening of Property segment which saw an increase in rental income and an increase in the unrealised fair value gain on investment properties. The company reported cash generated from/(used in) operations of HKD 12,618,000 against cash used in operations of HKD 46,883,000 for the previous year. amount spent on acquisition of property, plant and equipment was HKD 476,000 against HKD 14,432,000 for previous year.