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Express News | Styland Holdings Ltd - Unit Fined HK$3 Mln for Listing Application First Submitted in 2016 & Lapsed in 2018
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STYLAND HOLD: ANNOUNCEMENT OF RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
STYLAND HOLD (00211.HK) expects mid-term losses to narrow year-on-year.
Grand Hui November 15th丨STYLAND HOLD(00211.HK) announced that the Group is expected to record a loss of approximately 18.02 million Hong Kong dollars in the six months ending September 30, 2024, compared to a loss of approximately 26.658 million Hong Kong dollars in the same period in 2023. The decrease in the net loss for the six months ended September 30, 2024 was mainly due to (i) a decrease in administrative expenses by approximately 2.515 million Hong Kong dollars compared to approximately 25.743 million Hong Kong dollars recorded in the same period in 2023; (ii) a decrease in sales and distribution costs by approximately 2.628 million Hong Kong dollars compared to the approximately 20 million Hong Kong dollars recorded in the same period in 2023.