Asian Citrus Holdings (HK:0073) has released an update.
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Asian Citrus Holdings Limited reported a significant increase in revenue by 53.3% for the fiscal year ending June 30, 2024, while also cutting losses by over 56% compared to the previous year. Despite a challenging financial environment, the company successfully completed a rights issue and a capital reorganization to strengthen its financial position and support business development. The company has navigated post-COVID-19 economic conditions in China, taking advantage of government policies aimed at boosting liquidity and stabilizing the economy.
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