Innovax Holdings Reports Revenue Surge Amidst Loss

Innovax Holdings Limited (HK:2680) has released an update.

Innovax Holdings Limited reported a significant increase in total revenue to HK$93.7 million for the six months ending August 31, 2024, driven primarily by robust performance in its placing and underwriting services. Despite this revenue surge, the company experienced a comprehensive loss of HK$22.9 million, a stark contrast to the profit recorded in the same period last year. This highlights the volatility and challenges facing Innovax amidst fluctuating market conditions.

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