Global Bio-chem Reports Increased Mid-Year Losses

Global Bio-chem Technology Group Co. Ltd. (HK:0809) has released an update.

Global Bio-chem Technology Group Co. Ltd. has reported its interim financial results, revealing a loss from continuing operations at HK$157,743,000 for the first half of 2024, compared to a loss of HK$29,759,000 in the same period last year. Furthermore, the company experienced a significant loss in total comprehensive income, posting HK$387,186,000 for the six months ended 30 June 2024, a stark contrast to the HK$299,179,000 gain reported in 2023. These figures indicate a challenging period for the company, with increased losses and lower revenue from continuing operations.

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