Coastal Greenland Reports Reduced Losses Amid Revenue Dip

Coastal Greenland Limited (HK:1124) has released an update.

Coastal Greenland Limited reported a significant reduction in losses for the six months ending September 2024, with losses decreasing to HK$36.9 million from HK$793.5 million the previous year, despite a 20% drop in revenue to HK$1.6 million. The company’s net debt to equity ratio slightly increased to 35.5% from 33.2% as of March 2024. This development suggests potential financial stabilization efforts amidst challenging market conditions.

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