New Amante Group (HKSE:08412) Retained Earnings : HK$-133.41 Mil (As of Nov. 2024)

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What is New Amante Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. New Amante Group's retained earnings for the quarter that ended in Nov. 2024 was HK$-133.41 Mil.

New Amante Group's quarterly retained earnings increased from Nov. 2023 (HK$-125.94 Mil) to May. 2024 (HK$-124.29 Mil) but then declined from May. 2024 (HK$-124.29 Mil) to Nov. 2024 (HK$-133.41 Mil).

New Amante Group's annual retained earnings increased from May. 2022 (HK$-130.16 Mil) to May. 2023 (HK$-126.51 Mil) and increased from May. 2023 (HK$-126.51 Mil) to May. 2024 (HK$-124.29 Mil).

New Amante Group Retained Earnings Historical Data

The historical data trend for New Amante Group's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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New Amante Group Retained Earnings Chart

New Amante Group Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Retained Earnings

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-130.16

-126.51

-124.29

New Amante Group Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	May24	Nov24
Retained Earnings	Get a 7-Day Free Trial															-126.51	-	-125.94	-124.29	-133.41

New Amante Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

New Amante Group (HKSE:08412) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

New Amante Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » New Amante Group Ltd (HKSE:08412) » Definitions » Retained Earnings

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Address

60 Gloucester Road, 25th Floor, China Huarong Tower, Wanchai, Hong Kong, HKG

Website

https://www.new-amante.com

New Amante Group Ltd is an investment holding company with subsidiaries that are mainly engaged in operating clubs, entertainment venues, and securities investments in Hong Kong. The company is mainly involved in two operating segments: club and entertainment business, and securities investment. It generates its main revenue from the club and entertainment business segment.

Executives

Yuan Lin	2101 Beneficial owner
Keen Champ International Investment Limited	2101 Beneficial owner
Ma Liangping	2101 Beneficial owner
Ho Chin Nang	2201 Interest of corporation controlled by you
Cheung Ka Kwan	2101 Beneficial owner
Wang Ning	2101 Beneficial owner
Sze Ching Lau
Aplus Concept Limited
Louey Andrea Alice
Ng Shing Joe Kester

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