Chaoda Modern Agriculture Posts Increased Annual Loss

Chaoda Modern Agriculture Holdings (HK:0682) has released an update.

Chaoda Modern Agriculture Holdings Ltd has disclosed its annual financial results, reporting a significant increase in net loss from RMB 4,311,000 in the previous year to RMB 13,920,000 for the financial year ended June 30, 2024. Despite a decrease in revenue and an upsurge in general and administrative expenses, the company experienced an overall total comprehensive expense of RMB 9,636,000 for the year. These results highlight challenges faced by the Group amidst a tough financial period.

For further insights into HK:0682 stock, check out TipRanks’ Stock Analysis page.