Gelonghui August 21st, soundwill hold (00878.HK) announced that for the six months ended June 30, 2024, the group recorded a revenue of approximately HK$1,030,115,000, an increase of approximately HK$817,812,000 compared to the same period last year. The increase in revenue is mainly due to the increase in revenue from property development projects.
During the period, the company's owners' share of the loss is approximately HK$974,829,000, an increase of 180% compared to the same period in 2023. The increase in loss is mainly due to an investment property revaluation loss of HK$1,324,070,000 recorded as of June 30, 2024, compared to a loss of HK$482,903,000 recorded in the same period in 2023.
