Auto Italia Holdings (HK:0720) has released an update.
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Auto Italia Holdings Limited has announced a significant reduction in its consolidated loss, down to HK$72 million to HK$82 million for the first half of 2024, from a loss of HK$117.4 million in the same period the previous year. This improvement is mainly due to a decrease in unrealized fair value losses on investments and investment properties. Investors are advised to exercise caution when dealing in the company’s securities until the official interim results are published in late August 2024.
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