Styland Holdings Limited (HK:0211) has released an update.
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Styland Holdings Limited reported a significant drop in turnover for the six months ending September 2024, reaching HK$20,366,000 compared to HK$120,962,000 in the same period last year. Despite other income increasing to HK$2,387,000 and some reversals of expected credit losses, the company experienced a comprehensive loss of HK$18,020,000, an improvement from the previous year’s loss. Investors will note the ongoing challenges in administrative expenses and finance costs impacting the bottom line.
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