Maxicity Holdings Faces Revenue and Profit Decline

Maxicity Holdings Limited (HK:2295) has released an update.

Maxicity Holdings Limited reported a decrease in revenue by 3.8% and a significant drop in profit by 74% for the first half of 2024 compared to the same period last year, citing fewer projects and increased upfront costs for new constructions. The company also announced that it would not be issuing an interim dividend, reflecting a cautious approach amidst the downturn.

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