China Silver Technology Holdings Limited (HK:0515) has released an update.
China Silver Technology Holdings Limited reported its unaudited interim financial results for the first half of 2024, revealing a decrease in turnover from HK$111,077,000 the previous year to HK$25,476,000 and a net loss for the period of HK$15,584,000. Despite the net loss, the company experienced a slight comprehensive income due to positive revaluation of properties and exchange differences. The financial statements indicate that the company is undergoing challenges with higher costs and lower sales affecting their profitability.
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