China Financial Services Reduces Losses

China Financial Services Holdings Limited (HK:0605) has released an update.

China Financial Services Holdings Limited reports a significant reduction in losses for the first half of 2024 with a decrease of 84.4% compared to the same period last year, despite a 24.2% drop in income from interest and financing consultancy services. The basic loss per share has improved markedly from HK$0.58 to HK$0.09. These unaudited interim results reflect the company’s efforts to stabilize its financial position amid challenging market conditions.

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