Silver Tide Holdings Limited (HK:1943) has released an update.
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King’s Stone Holdings Group Limited, formerly known as Silver Tide Holdings Limited, reported a significant loss of HK$62.5 million for the six months ending September 2024, compared to a modest loss of HK$2.4 million in the same period last year. The company’s revenue fell sharply to HK$103.3 million from HK$254.6 million, driven by increased costs and administrative expenses. This downturn reflects challenging market conditions impacting the company’s financial performance.
For further insights into HK:1943 stock, check out TipRanks’ Stock Analysis page.
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