Goldenpower Group (03919) released its interim performance for the six months ended June 30, 2024, during which the group obtained...
According to the announcement, Goldenpower Group (03919) released its interim performance for the six months ended June 30, 2024, during which the group generated revenue of HKD 0.158 billion, a YoY increase of 27.24%. The net loss attributable to shareholders was HKD 2.865 million, a YoY decrease of 72.12%, with a basic loss per share of HKD 0.53.
The loss in this period was caused by the depreciation of RMB against HKD, resulting in exchange losses for the group during the period. This is because the reporting currency for the group is HKD, while a large portion of the group's assets are denominated in RMB.