v3.26.1
Segment Information (Tables)
 12 Months Ended
Mar. 31, 2026
Segment Information [Abstract]  
Schedule of Key Financial Performance Measures

Key financial performance measures of the segments are as follows:

 

Year ended March 31, 2026

 

    Construction
and
engineering
services		     Provision of cold storage facilities, trading of food and agricultural products, asset
management
and
professional
consultancy
services		     Corporate     Total     Total  
    HK$     HK$     HK$     HK$     US$  
Revenue – external     198,079,063       23,200,406       —       221,279,469       28,224,422  
Revenue – related parties     744,861       —       —       744,861       95,008  
Total revenue     198,823,924       23,200,406       —       222,024,330       28,319,430  
                                         
Cost of revenue – external     146,996,080       22,835,369       —       169,831,449       21,662,175  
Cost of revenue – related parties     36,680,239       —       —       36,680,239       4,678,602  
Total cost of revenue     183,676,319       22,835,369       —       206,511,688       26,340,777  
Gross profit     15,147,605       365,037       —       15,512,642       1,978,653  
                                         
Depreciation     (1,822,410 )     (404,932 )     —       (2,227,342 )     (284,100 )
Operating expenses     (22,994,032 )     (96,336,602 )     (2,783,867 )     (122,114,501 )     (15,575,829 )
Total expenses     (24,816,442 )     (96,741,534 )     (2,783,867 )     (124,341,843 )     (15,859,929 )
                                         
Bank interest income     267,488       262       299       268,049       34,190  
Interest expense     (3,109,942 )     (5,060,072 )     (560,130 )     (8,730,143 )     (1,113,539 )
Other income     13,227,088       256,879       —       13,483,967       1,719,894  
Other expense     —       —       (17,472 )     (17,472 )     (2,229 )
Fair value loss on promissory note     —       —       (6,731,190 )     (6,731,190 )     (858,570 )
Impairment loss on goodwill     —       (35,124,140 )     —       (35,124,140 )     (4,480,120 )
Total other income (expense), net     10,384,634       (39,927,071 )     (7,308,493 )     (36,850,929 )     (4,700,374 )
Profit/(loss) before income tax expenses     715,797       (136,303,568 )     (10,092,360 )     (145,680,131 )     (18,581,650 )
Segment loss     (265,702 )     (137,140,769 )     (10,092,360 )     (147,498,831 )     (18,813,627 )
                                         
Total assets     314,962,777       264,372,046       70,410,989       649,745,812       82,875,741  
Total liabilities     (8,267,456 )     (379,830,690 )     (24,486,877 )     (412,585,023 )     (52,625,641 )
Net assets (liabilities)     306,695,321       (115,458,644 )     45,924,112       237,160,789       30,250,100  

Year ended March 31, 2025

 

    Construction
and
engineering
services		     Asset
management
and
professional
consultancy
services		     Corporate     Total     Total  
    HK$     HK$     HK$     HK$     US$  
Revenue – external     362,457,593       14,221,783       —       376,679,376       48,416,995  
Revenue – related parties     490,375       1,000,000       —       1,490,375       191,567  
Total revenue     362,947,968       15,221,783       —       378,169,751       48,608,562  
                                         
Cost of revenue – external     (291,551,307 )     (9,995,698 )     —       (301,547,005 )     (38,759,753 )
Cost of revenue – related parties     (16,563,785 )     —       —       (16,563,785 )     (2,129,049 )
Total cost of revenue     (308,115,092 )     (9,995,698 )     —       (318,110,790 )     (40,888,802 )
Gross profit     54,832,876       5,226,085       —       60,058,961       7,719,760  
                                         
Depreciation     (1,939,933 )     (3,355,818 )     —       (5,295,751 )     (680,697 )
Operating expenses     (21,677,322 )     (22,460,175 )     (856,149 )     (44,993,646 )     (5,783,319 )
Total expenses     (23,617,255 )     (25,815,993 )     (856,149 )     (50,289,397 )     (6,464,016 )
                                         
Bank interest income     841,020       1,617       7,098       849,735       109,222  
Interest expense     (1,993,994 )     (698,400 )     —       (2,692,394 )     (346,071 )
Other income     927,217       40,001       —       967,218       124,323  
Other expense     (2,966 )     —       (19,118 )     (22,084 )     (2,839 )
                                         
Impairment loss on goodwill     —       —       —       —       —  
Total other income (expense), net     (228,723 )     (656,782 )     (12,020 )     (897,525 )     (115,365 )
Income (loss) before income tax expenses     30,986,898       (21,246,690 )     (868,169 )     8,872,039       1,140,379  
Segment income (loss)     25,484,221       (22,175,512 )     (868,169 )     2,440,540       313,698  
                                         
Total assets     223,858,283       109,865,035       95,869       333,819,187       42,907,901  
Total liabilities     (97,145,713 )     (79,289,021 )     —       (176,434,734 )     (22,678,277 )
Net assets (liabilities)     126,712,570       30,576,014       95,869       157,384,453       20,229,624  

Year ended March 31, 2024

 

    Construction
and
engineering
services		     Asset
management
and
professional
consultancy
services		     Corporate     Total     Total  
    HK$     HK$     HK$     HK$     US$  
Revenue – external     236,257,009       13,980,188       —       250,237,197       31,975,517  
Revenue – related parties     1,742,678       —       —       1,742,678       222,681  
Total revenue     237,999,687       13,980,188       —       251,979,875       32,198,198  
                                         
Cost of revenue – external     (179,246,424 )     (8,674,185 )     —       (187,920,609 )     (24,012,651 )
Gross profit     58,753,263       5,306,003       —       64,059,266       8,185,547  
                                         
Depreciation     (1,900,524 )     (2,946,898 )     —       (4,847,422 )     (619,408 )
Operating expenses     (18,405,761 )     (12,562,942 )     (58,029 )     (31,026,732 )     (3,964,621 )
Total expenses     (20,306,285 )     (15,509,840 )     (58,029 )     (35,874,154 )     (4,584,029 )
                                         
Bank interest income     195,019       300       —       195,319       24,958  
Interest expense     (905,567 )     (581,062 )     —       (1,486,629 )     (189,963 )
Other income     1,500       40,300       —       41,800       5,341  
Other expense     (1,600 )     —       —       (1,600 )     (204 )
Impairment loss on goodwill     (1,500,000 )     —               (1,500,000 )     (191,671 )
Total other income (expense), net     (2,210,648 )     (540,462 )     —       (2,751,110 )     (351,539 )
Income (loss) before income tax expenses     36,236,330       (10,744,299 )     (58,029 )     25,434,002       3,249,979  
Segment income (loss)     31,059,401       (11,373,382 )     (58,029 )     19,627,990       2,508,082  
                                         
Total assets     110,391,917       132,432,534       —       242,824,451       31,028,310  
Total liabilities     (65,214,518 )     (79,481,008 )     (69,629 )     (144,765,155 )     (18,498,212 )
Net assets (liabilities)     45,177,399       52,951,526       (69,629 )     98,059,296       12,530,098