GBA Holdings Limited (HK:0261) has released an update.
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GBA Holdings Limited reported a 42.9% increase in revenue to HK$29.4 million for the first half of 2024, mainly from property sales and catering, despite a 41.2% rise in net loss to HK$23.8 million due to higher administrative costs. No interim dividend was declared, as the company continues to develop its remaining property project, CCT Land-Jun Mansion, and seeks to expand its finance and catering businesses. The company remains optimistic for property sales improvement in 2024 due to supportive government policies.
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