Zhaobangji Lifestyle Faces Revenue Decline and Losses

Zhaobangji Properties Holdings Limited (HK:1660) has released an update.

Zhaobangji Lifestyle Holdings Limited reported a challenging interim financial performance for the six months ending September 2024, with a revenue decline to HK$110.8 million from HK$153 million in the previous year, leading to a net loss of HK$7.4 million. Despite a decrease in administrative expenses, the company faced a comprehensive loss, highlighting the need for strategic adjustments to improve profitability.

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