Success Universe Group Limited (HK:0487) has released an update.
Success Universe Group Limited reported a significant downturn in its financial performance for the first half of 2024, with a loss of HK$35,473,000 compared to a profit of HK$153,824,000 in the same period last year. This loss is attributed to a combination of a decrease in revenue, a fair value loss on investment properties, and a substantial loss arising from the change in fair value of financial assets. The basic and diluted loss per share was 0.72 HK cents, a stark contrast to the 3.12 HK cents earnings per share in the previous year.
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