Allied Group Reports Increased Revenue but Higher Loss

Allied Group (HK:0373) has released an update.

Allied Group Limited has released its unaudited interim financial results for the first half of 2024, revealing a loss of HK$108.2 million compared to a loss of HK$25.8 million in the same period last year. The company’s revenue increased to HK$3.89 billion, up from HK$3.51 billion. However, increased costs and a significant change in the value of properties contributed to the higher loss.

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