Hong Kong Resources Holdings Co. Ltd. ( (HK:2882) ) has issued an announcement.
Hong Kong Resources Holdings Co. Ltd. reported a significant increase in revenue for the first half of 2024/25, reaching HK$370 million, a 47% rise compared to the previous year. Despite this, the company faced a 14% increase in losses, primarily due to hedging losses from rising gold prices affecting the fair value of gold loans. However, when excluding these hedging losses, the adjusted loss decreased by 47%. The loss attributable to equity holders decreased by 8%, and the gross margin improved by 1 percentage point to 32%.
More about Hong Kong Resources Holdings Co. Ltd.
YTD Price Performance: -66.67%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €16.05M
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