CROSSTEC Group Holdings Ltd. (HK:3893) has released an update.
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CROSSTEC Group Holdings Limited reported its annual results for the fiscal year ending June 30, 2024, showcasing a reduction in loss from the previous year with a loss for the year at HK$13,044,000 compared to HK$53,556,000. Despite lower direct costs, the company faced other financial challenges including a decrease in the fair value of investment property and impairment losses. The total comprehensive expense for the year also decreased, suggesting some improvement in the company’s financial position.
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