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APAC Resources Reports Interim Loss Amid Revenue Decline

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APAC Resources Reports Interim Loss Amid Revenue Decline

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APAC Resources ( (HK:1104) ) has provided an announcement.

APAC Resources Limited reported its unaudited interim results for the six months ending December 31, 2024, revealing a significant downturn with a loss of HK$312,972,000 compared to a profit of HK$572,412,000 in the same period the previous year. The company faced challenges including a sharp decrease in trading revenue and increased finance costs, impacting its operations and overall financial health.

More about APAC Resources

APAC Resources Limited, incorporated in Bermuda, operates in the trading and resources sector. The company is involved in the trading of goods and generating interest income, focusing on its operations and subsidiaries in the Asia-Pacific region.

YTD Price Performance: 5.00%

Average Trading Volume: 500

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $183.2M

For detailed information about 1104 stock, go to TipRanks’ Stock Analysis page.

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