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Tai United Holdings Reports Significant Losses in 2024 Financial Results

Story Highlights
  • Tai United Holdings reported a decrease in total revenue from HK$211,786,000 in 2023 to HK$120,548,000 in 2024.
  • The company faced substantial losses, with a total loss for the year amounting to HK$759,743,000, indicating ongoing financial challenges.
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Tai United Holdings Reports Significant Losses in 2024 Financial Results

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An announcement from Tai United Holdings ( (HK:0718) ) is now available.

Tai United Holdings Limited, a company incorporated in Bermuda, has announced its audited consolidated final results for the year ended December 31, 2024. The company reported a significant decrease in total revenue from HK$211,786,000 in 2023 to HK$120,548,000 in 2024, alongside a substantial loss for the year amounting to HK$759,743,000. The financial results indicate challenges in the company’s operations, with notable impairment losses and a decrease in the fair value of investment properties. The announcement reflects ongoing financial difficulties, impacting the company’s stakeholders and market positioning.

More about Tai United Holdings

YTD Price Performance: -14.71%

Average Trading Volume: 389,022

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$152.3M

See more data about 0718 stock on TipRanks’ Stock Analysis page.

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