Mingliang Holdings (08152) announced its mid-term performance for 2024, with revenue of HKD 29.95 million, a year-on-year decrease of about 60...
According to the announcement, the company's revenue for the 2024 mid-term period was HKD 29.95 million, a year-on-year decrease of about 60.2%. The loss attributable to equity holders of the company was HKD 7.638 million, compared to a profit attributable to equity holders of HKD 0.371 million in the same period last year. The loss per share was HKD 1.27.
The decrease in revenue was mainly due to a decrease in revenue from the Hong Kong and mainland China markets of HKD 47.7 million and HKD 12.2 million, respectively. This was partially offset by an increase in revenue from the Asia Pacific and other markets of approximately HKD 9.1 million and HKD 4.7 million.
