Far East Holdings Faces Challenging Interim Losses

Far East Holdings International Ltd. (HK:0036) has released an update.

Far East Holdings International Ltd. reports a significant increase in revenue for the six months ended 30 June 2024, compared to the same period in 2023, but also reveals a substantial net loss. The rise in revenue could not offset the company’s considerable losses, finance costs, and administrative expenses, leading to a notable loss per share. This interim financial snapshot indicates a challenging period for the company, with a pressing need to address its net loss situation.

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