Kafelaku Coffee Reports Increased Losses in 2024
Company Announcements

Kafelaku Coffee Reports Increased Losses in 2024

Li Bao Ge Group Ltd. (HK:1869) has released an update.

Kafelaku Coffee Holding Limited reports a challenging interim financial performance for the first half of 2024, with a 20.3% decline in revenue to approximately HK$74.5 million, and a significant increase in losses to HK$13.9 million, compared to HK$4.1 million in the same period last year. The loss per share also rose to HK1.23 cents, indicating a tougher period for the company and its shareholders.

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