51 Credit Card Inc. (HK:2051) has released an update.
51 Credit Card Inc. reported a significant downturn in its financial performance for the first half of 2024, with revenues down by 15.8% and a net loss increase of 674.9% compared to the same period in 2023. This decline is highlighted across various service fees including a stark 89.7% drop in credit card technology service fees and over 50% in camping service fees. Despite these challenges, the company saw a 74.2% rise in other revenues, although this was not enough to prevent substantial operating and net losses.
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