REF Holdings Reports Lower Interim Profits

REF Holdings Limited (HK:1631) has released an update.

REF Holdings Limited reported a decrease in their interim profits for the first half of 2024, with a profit of HK$5,302,000 compared to HK$10,087,000 in the same period last year. The company’s revenue also declined from HK$75,551,000 in 2023 to HK$63,221,000 in 2024. These unaudited results reflect challenges such as increased cost of services and higher provision for expected credit losses.

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