Junee Limited Faces Sharp Revenue Decline

Junee Limited (JUNE) has released an update.

Junee Limited, a British Virgin Islands-based holding company specializing in interior design and fit-out services, reported a significant 44.9% decrease in revenue for the first half of fiscal year 2024, primarily due to an economic downturn in Hong Kong. The company experienced a net loss of $230,392, a substantial increase from the previous year, despite a marginal decrease in operating expenses and income tax expense. This financial downturn is attributed to decreased customer demand amid inflation pressures and tighter monetary policies affecting the real estate market.

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