Hongkong Chinese Limited Reports Major Losses

Hongkong Chinese Limited (HK:0655) has released an update.

Hongkong Chinese Limited has released its interim financial results for the first half of 2024, revealing a significant downturn with a loss of HK$421,967,000 compared to a profit of HK$88,171,000 in the same period last year. The loss per share for equity holders stood at 21.1 HK cents, a stark contrast to the earnings of 4.4 HK cents per share in 2023. This decline is reflected in the company’s total comprehensive loss for the period, amounting to HK$879,529,000.

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