Greater China Financial Holdings Reports H1 2024 Loss

Greater China Financial Holdings Limited (HK:0431) has released an update.

Greater China Financial Holdings Limited reported a net loss of HK$60,823,000 for the first half of 2024, a slight improvement from the HK$88,833,000 loss in the same period the previous year. Revenue significantly decreased to HK$8,799,000, down from HK$35,093,000 in 2023, while the company also faced substantial impairment losses and finance costs. Despite these challenges, there was an increase in other comprehensive income, primarily due to positive exchange rate fluctuations.

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