Southeast Asia Properties Faces First-Half 2024 Losses

Southeast Asia Properties & Finance Limited (HK:0252) has released an update.

Southeast Asia Properties & Finance Limited reported a significant shift in financial performance for the first half of 2024, with a recorded loss of HK$33.56 million compared to a profit of HK$4.83 million in the same period last year. Despite a slight increase in revenue, the company faced challenges such as a substantial loss from changes in investment property values and a deemed disposal of interests in an associate.

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