Minmetals Land Limited Faces H1 Financial Downturn

Minmetals Land Limited (HK:0230) has released an update.

Minmetals Land Limited reported a significant downturn in its financial performance for the first half of 2024, posting a loss before tax of HK$1,012,851 compared to a profit of HK$1,030,800 in the same period last year. The company experienced a decrease in revenue from HK$8,343,105 to HK$5,023,251 and faced a total comprehensive expense for the period of HK$1,170,431. This stark contrast illustrates a challenging half-year for the company, with losses attributable to equity holders and non-controlling interests alike.

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