Reliance Global Holdings Faces Higher Losses Despite Revenue Growth

Reliance Global Holdings Limited (HK:0723) has released an update.

Reliance Global Holdings Limited reported a significant increase in revenue to HK$98.61 million for the first half of 2024, compared to HK$80.93 million in the same period last year. However, the company faced a loss from operations amounting to HK$11.88 million, with a total comprehensive expense of HK$11.34 million, reflecting challenges in managing costs and exchange rate fluctuations. This financial performance has resulted in a higher loss per share of HK0.087 cents, indicating a challenging period for the company and its stakeholders.

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