Hong Kong ChaoShang Group Ltd. (HK:2322) has released an update.
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Modern Innovative Digital Technology Company Limited, formerly known as Hong Kong ChaoShang Group Ltd., reported a significant drop in revenue to HK$35.6 million for the first half of 2024, down from HK$88 million in the previous year. Despite the decline in revenue, the company managed to achieve a slight increase in gross profit, reaching HK$12.2 million. The financial results also highlighted various impairment losses and gains on trading investments, reflecting the volatility in market conditions.
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