Clarke Inc. (TSE:CKI) has released an update.
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Clarke Inc. showcased a significant turnaround with a net income of $2.4 million in Q1 2024, compared to a $1.7 million loss in the same period last year, despite a slight decline in hotel and rental revenue due to redevelopment activities. The company’s book value per share saw a modest increase, while the share price exceeded book value, reflecting a positive market sentiment. However, remeasurement losses on pension plans partially offset these gains, resulting in a reduced comprehensive income.
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