SJM Holdings Reports Revenue Surge Amid Losses

SJM Holdings (HK:0880) has released an update.

SJM Holdings Limited reported a significant increase in revenue and adjusted EBITDA for the first half of 2024, with total net revenue jumping 47.4% and adjusted EBITDA soaring by 275.9% compared to the same period last year. However, the company still faced a loss, albeit a reduced one, from HK$1,264 million to HK$162 million. No interim dividend was declared, reflecting a cautious stance amidst the financial turnaround.

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