AustAsia Group Limited. (HK:2425) has released an update.
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AustAsia Group Ltd. reported a slight revenue decrease of 1.0% and a significant net loss of RMB636 million for the first half of 2024, largely due to a substantial drop in the fair value of its biological assets and decreased selling prices for raw milk and beef cattle. Despite a decrease in raw milk and beef cattle selling prices, the company managed to improve its operational efficiency, with a 2.2% increase in annualized average milk yield per cow.
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