Ever Harvest Group Swings to Loss in 2024 H1

Ever Harvest Group Holdings Limited (HK:1549) has released an update.

Ever Harvest Group Holdings Limited reported a switch from a profit of HK$6,419,000 in the first half of 2023 to a loss of HK$9,225,000 in the same period in 2024. This downturn was attributed to a decrease in revenue and an increase in administrative and other operating expenses, despite a reduction in finance costs. The company also experienced a total comprehensive expense for the period, significantly impacted by an exchange difference on consolidation.

For further insights into HK:1549 stock, check out TipRanks’ Stock Analysis page.