Soundwill Holdings (HK:0878) has released an update.
Soundwill Holdings Limited reported a significant increase in revenue to HK$1,030.1 million for the first half of 2024, up from HK$212.3 million in the same period in 2023, despite experiencing a net fair value loss on investment properties and a net loss to owners. Total assets decreased slightly from HK$21 billion at the end of 2023 to HK$19.5 billion as of 30 June 2024, with the company maintaining a steady gearing ratio of 8%. The net asset value per share also saw a decrease from HK$65.2 to HK$60.8.
For further insights into HK:0878 stock, check out TipRanks’ Stock Analysis page.