China Cultural Tourism Agriculture (00542) released its performance for the 6-month period ending June 30, 2024...
According to the announcement, China Cultural Tourism Agriculture (00542) released its performance for the 6-month period ending June 30, 2024. The group achieved a revenue of HKD 13.489 million, a decrease of 57.92% compared to the previous year. The company's shareholders' share of the loss was HKD 88.185 million, a narrowing of 22.24%. The basic loss per share was 1.15 HK cents.
The announcement stated that the significant decrease in group revenue was mainly due to most of the properties being in the construction phase, so the revenue will be recognized in the second half of 2024.