Pak Fah Yeow Reports Mixed Mid-Year Financials

Pak Fah Yeow International Limited (HK:0239) has released an update.

Pak Fah Yeow International Limited reported a 4.8% increase in revenue for the first half of 2024 compared to the previous year, with underlying recurring profits also rising by 4.5%. However, the company faced a 15.3% decline in reported profits, largely due to fair value losses on investment properties. Despite these losses, the group maintains a cautiously optimistic outlook for the second half of the year.

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