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Auto Italia Holdings Reports Increased Losses in 2024 Financial Results

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Auto Italia Holdings Reports Increased Losses in 2024 Financial Results

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Auto Italia Holdings ( (HK:0720) ) has shared an announcement.

Auto Italia Holdings Limited reported its annual financial results for the year ending December 31, 2024, showing a significant decline in revenue and an increase in losses compared to the previous year. The company’s total revenue decreased from HK$47,504,000 in 2023 to HK$31,322,000 in 2024, with a loss for the year amounting to HK$97,006,000, reflecting ongoing challenges in its operations and market environment.

More about Auto Italia Holdings

Auto Italia Holdings Limited is a company incorporated in Bermuda, primarily involved in the automotive industry. The company and its subsidiaries focus on the sale of goods and services, as well as generating rental income.

Technical Sentiment Signal: Sell

Current Market Cap: $150.4M

For detailed information about 0720 stock, go to TipRanks’ Stock Analysis page.

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