Realord Group Holdings Limited (HK:1196) has released an update.
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Realord Group Holdings Limited reported a challenging interim period ending June 30, 2024, with a significant net loss of HK$550,961,000 compared to a profit in the previous year. The downturn reflects losses on fair value changes of investment properties, heightened finance costs, and a decrease in total revenue from both goods, services, and interest income. The overall comprehensive expense for the period also steeply increased, impacting both the company and its non-controlling interests.
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