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Realord Group Holdings Reports Significant Revenue Decline and Net Loss for FY2024

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Realord Group Holdings Reports Significant Revenue Decline and Net Loss for FY2024

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Realord Group Holdings Limited ( (HK:1196) ) just unveiled an announcement.

Realord Group Holdings Limited reported its audited consolidated results for the fiscal year ending December 31, 2024. The company experienced a significant decline in total revenues from HK$601,220,000 in 2023 to HK$428,353,000 in 2024, primarily due to decreased revenue from goods and services. The Group also reported a net loss of HK$956,468,000 for the year, compared to a profit of HK$41,250,000 in 2023, largely impacted by substantial losses on fair value changes of investment properties and increased impairment losses.

More about Realord Group Holdings Limited

YTD Price Performance: -4.65%

Average Trading Volume: 1,696

Technical Sentiment Signal: Sell

Current Market Cap: €1.22B

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