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GBA Holdings Sees Revenue Rise Amidst Increased Losses

GBA Holdings Sees Revenue Rise Amidst Increased Losses

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.

For further insights into HK:0261 stock, check out TipRanks’ Stock Analysis page.

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