Thelloy Development Group Sees Revenue Rise but Faces Loss

Thelloy Development Group Limited (HK:1546) has released an update.

Thelloy Development Group Limited reported a significant increase in revenue to HK$180.7 million for the first half of 2024, compared to HK$127.5 million in the same period last year. Despite the revenue boost, the company faced a loss of HK$13.8 million, contrasting with a slight profit in the previous year, leading the board to decide against an interim dividend. The loss per share also widened to HK1.72 cents, reflecting the company’s financial challenges.

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