Asian Citrus Posts Revenue Surge, Slashes Losses

Asian Citrus Holdings (HK:0073) has released an update.

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.

For further insights into HK:0073 stock, check out TipRanks’ Stock Analysis page.