Kader Holdings Reports Increased Mid-Year Losses

Kader Holdings Co. Ltd. (HK:0180) has released an update.

Kader Holdings Co. Ltd. has released its interim financial results for the six months ending on 30 June 2024, revealing a significant loss of HK$75.7 million compared to a much smaller loss of HK$1.7 million in the same period the previous year. This downturn is reflected in a substantial loss per share increase from 0.27 cents to 7.98 cents. The results indicate a challenging period for the company, with increased finance costs, share of losses from associates, and a deficit on revaluation of investment properties contributing to the overall financial decline.

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