Pioneer Global Group Limited (HK:0224) has released an update.
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Pioneer Global Group Limited reported a significant downturn in its interim financial results for the six months ending September 2024, with a notable loss of HK$83.4 million compared to a profit in the previous year. Despite a slight decrease in operating expenses, the company faced challenges from substantial finance costs and negative changes in the fair value of investments. This financial performance highlights the volatile nature of the investment environment impacting shareholders’ earnings.
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