New City Development Reports Lower Revenue

New City Development Group Limited (HK:0456) has released an update.

New City Development Group Limited reported a decrease in revenue and a net loss for the six-month period ending June 30, 2024, compared to the same period in 2023. The company’s latest financial results show a drop in revenue from HK$90,483,000 to HK$56,461,000 and an increased net loss from HK$8,026,000 to HK$11,589,000. These interim results reflect challenges faced by the company, with a significant impact on its profitability.

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