Land & Homes Group Ltd. (AU:LHM) has released an update.
Land & Homes Group Limited, a company specializing in property investment and development, reported a consolidated loss of $1,520,153 for the financial year ending June 30, 2024, with a net assets deficit of $1,921,693. Despite no changes in revenue and no dividends paid or proposed, the company is exploring the sale of its Brisbane property project due to high development costs and fixed holding expenses. The Group is seeking expressions of interest for the property, as development costs are not expected to decrease in the short term.
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