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Legend Upstar Navigates Profit Decline
Legend Upstar (00459.HK): achieved a net profit of HKD 9.504 million in the first half of the year, a decrease of 45.7% year-on-year.
Legend upstar (00459.HK) announced on August 26th that it achieved revenue of HKD 0.202 billion for the six months ending June 30, 2024, a decrease of 12.6% year-on-year. Net profit attributable to equity shareholders of the company was HKD 9.504 million, a decrease of 45.7% year-on-year. Basic earnings per share were 0.526 Hong Kong cents. The announcement stated that the decline in group's profit was mainly due to the poor performance of the property market and non-residential property market in Hong Kong during the interim period. Capital appreciation income of approximately HKD 7 million was recorded for the six months ending June 30, 2023, due to the realization of property investments.
LEGEND UPSTAR: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Legend Upstar (00459.HK) granted a loan of 12.6 million Hong Kong dollars.
On August 22, 2024, Legend Upstar (00459.HK) announced that its wholly-owned subsidiary, Junlian Crediting, entered into a mortgage loan agreement with the borrower, mortgagor, and guarantor. Based on this agreement, Junlian Crediting agreed to grant a loan of HKD 12.6 million to the borrower, with an actual annual interest rate of 10.5%, and a repayment period of twelve months.
Express News | Legend Upstar Holdings - Unit to Lend Glory Crown Corporation Loan in Principal Amount of HK$12.6 Mln
Legend Upstar Passes Key Resolution at EGM
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