Continental Holdings Limited (HK:0513) has released an update.
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Continental Holdings Limited reported a significant loss for the fiscal year ended June 30, 2024, with a year-over-year increase in net loss from HK$115,409,000 to HK$300,314,000. The company experienced a gross loss as revenues fell and costs of sales rose, alongside a substantial loss before income tax. This financial downturn has been attributed to increased finance costs, changes in fair value of investment properties, and other operational expenses.
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