Royale Home Holdings Faces Doubling Losses

Royale Home Holdings Limited (HK:1198) has released an update.

Royale Home Holdings Limited reported a significant increase in its loss before tax for the first half of 2024, with a loss of RMB 150,102 thousand compared to RMB 75,608 thousand in the same period of the previous year. The company’s revenue has more than halved from RMB 507,737 thousand to RMB 253,168 thousand, and the basic loss per share has also doubled, indicating a challenging period for the group.

For further insights into HK:1198 stock, check out TipRanks’ Stock Analysis page.