Veeko International Holdings Limited (HK:1173) has released an update.
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Veeko International Holdings Limited reported a significant increase in losses for the six months ending September 30, 2024, with a net loss of HK$48.7 million compared to HK$864,000 in the same period last year. Despite a slight increase in exchange differences arising from foreign operations, the company saw a decline in revenue and gross profit. The financial strain was further exacerbated by rising finance costs and impairments on assets.
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