Radiance Holdings Subsidiary Faces Financial Challenges in 2024

Radiance Holdings (Group) Company Limited (HK:9993) has released an update.

Radiance Holdings has revealed the unaudited financial results of its indirect subsidiary, Radiance Group, for the first nine months of 2024, showing a significant drop in both revenue and profit compared to the previous year. The results indicate a net loss attributable to the owners of the parent company, contrasting sharply with last year’s profits. This disclosure highlights the financial challenges faced by Radiance Group amid changing market conditions.

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