Blue River Holdings Reports Significant Interim Losses

Blue River Holdings Limited (HK:0498) has released an update.

Blue River Holdings Limited reported a significant decline in their interim results for the six months ending September 2024, with revenue dropping from HK$39.21 million to HK$22.76 million year-on-year. The company faced a substantial increase in administrative expenses and other losses, resulting in a widened loss of HK$122.61 million compared to HK$81.78 million in the previous year. These financial challenges highlight the need for strategic adjustments to improve profitability in the coming periods.

For further insights into HK:0498 stock, check out TipRanks’ Stock Analysis page.