STAR CM Holdings Reports Steep Mid-Year Losses

STAR CM Holdings Limited (HK:6698) has released an update.

STAR CM Holdings Limited reported a significant downturn in its interim financial results for the first half of 2024, with revenue dropping by over 50% and losses deepening drastically compared to the same period in 2023. The stark figures include a revenue fall to 71.1 million RMB from 144.1 million RMB and a loss before tax increasing from 19.9 million RMB to 55.3 million RMB. This sharp decline in performance raises concerns for shareholders and potential investors in the market.

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