Suntrust Resort’s Q2 Unaudited Results Show Major Losses

Suncity Group Holdings (HK:1383) has released an update.

LET Group Holdings Limited has announced the unaudited financial results for Suntrust Resort Holdings, Inc. for the second quarter ended June 30, 2024. The report reveals a significant net loss of PHP 811,613,069, a substantial increase from the previous year’s net loss of PHP 71,565,211. The information, which is not prepared by LET Group Holdings but by Suntrust in compliance with Philippine standards, shows a sharp rise in operating expenses and foreign exchange losses.

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