Richly Field China Sees Reduced Losses Amid Revenue Growth

Richly Field China Development Limited (HK:0313) has released an update.

Richly Field China Development Limited reported a significant reduction in losses for the six months ending September 2024, despite facing impairment losses and increased finance costs. The company’s revenue rose to HK$20.7 million, up from HK$15.1 million in the previous year, reflecting a stronger performance in its core operations. However, challenges such as property revaluation losses and administrative expenses continue to impact overall financial results.

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