Liu Chong Hing Investment Reports Increased Losses

Liu Chong Hing Investment Limited (HK:0194) has released an update.

Liu Chong Hing Investment Limited has reported a significant loss in its unaudited interim results for the first half of 2024, with a notable increase in loss before tax from HK$247,072,000 in 2023 to HK$439,061,000 in 2024. The company has experienced a decrease in revenue, alongside increased direct costs, administrative expenses, and other losses, leading to a basic loss per share of HK$1.10 compared to HK$0.61 in the previous year. The overall financial performance reflects challenges, including a drop in rental income and contracts with customers, contributing to a total comprehensive expense for the period that has worsened year-on-year.

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