LFG Investment Holdings Reports Sharp Revenue Decline

LFG Investment Holdings Limited (HK:3938) has released an update.

LFG Investment Holdings Limited reported a significant drop in revenue for the first half of 2024, with total revenue plummeting from HK$63.6 million to HK$8.6 million compared to the same period in 2023. The company’s corporate finance advisory services and securities financing services faced notable declines, contributing to an overall loss of HK$17.6 million, a stark contrast to last year’s profit. This downturn highlights the challenges LFG Investment is facing in the current financial landscape.

For further insights into HK:3938 stock, check out TipRanks’ Stock Analysis page.