Melbourne Enterprises Limited (HK:0158) has released an update.
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Melbourne Enterprises Limited reported a comprehensive loss of HK$166.2 million for the fiscal year ending September 2024, with revenue slightly rising to HK$161.7 million. Despite a gross profit increase, the company faced challenges due to a decline in fair values of investment properties, impacting overall financial performance. Investors are keenly observing the company’s strategies to navigate the current market conditions.
For further insights into HK:0158 stock, check out TipRanks’ Stock Analysis page.