Matrix Holdings Faces Major First Half Losses

Matrix Holdings Limited (HK:1005) has released an update.

Matrix Holdings Limited reported a significant downturn in its financial performance for the first half of 2024, with a net loss of HK$84,519,000 compared to a marginal profit in the same period of the previous year. Revenue dropped to HK$194,250,000 from HK$332,795,000, and the company also faced a total comprehensive loss of HK$95,644,000. This loss per share stood at 11.11 HK cents, reflecting a stark contrast to the minimal earnings per share of 0.05 HK cents in the first half of 2023.

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