Applied Development Holdings (HK:0519) has released an update.
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Applied Development Holdings Limited reported a loss for FY2024, with the annual results showing revenue of HK$41,057,000, a significant decrease from the previous year’s HK$93,673,000. The company experienced a total comprehensive loss for the year at HK$66,173,000, widening from HK$75,740,000 in the prior year, and a basic and diluted loss per share of 1.76 HK cents. These figures reflect challenges faced during the year, including a net decrease in the fair value of financial assets and other expenses.
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