Asiasec Properties Reports Significant Mid-Year Loss

Asiasec Properties Limited (HK:0271) has released an update.

Asiasec Properties Limited has reported a significant downturn in its interim financial results for the first half of 2024, with a net loss of HK$17,037,000 compared to a profit of HK$14,507,000 in the same period last year. The company experienced a loss per share of 1.37 HK cents, a stark contrast to the earnings of 1.17 HK cents per share in 2023. This financial setback was attributed to various factors including a decrease in fair value of investment properties and increased finance costs.

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