Lippo Limited (HK:0226) has released an update.
Lippo Limited, a Hong Kong-based company, has reported a significant loss for the six months ending 30 June 2024. The unaudited interim results show a loss of HK$594,847,000 for the period, a considerable decrease from the previous year’s results. The company’s revenue increased slightly, but was offset by losses in various sectors including fair value on financial instruments and investment properties, alongside substantial losses from shares of joint ventures.
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