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Reliance Glo Hl (00723) subsidiary redeemed a fund of 10.101 million HKD
Reliance Glo HL (00723) issued an announcement that on August 21, 2024, the company's indirectly wholly-owned subsidiary Hui...
Express News | Reliance Global - Unit Redeemed Its Entire Interest in Bochk All Weather HKD Money Market Fund for HK$10.1 Mln
RELIANCE GLO HL: ANNUAL REPORT 2023/2024
RELIANCE GLO HL: CLARIFICATION ANNOUNCEMENT
Reliance Glo HL (00723) released its annual performance results, with the shareholder's share of loss being 4.453 million Hong Kong dollars, reversing from profit to loss year-on-year.
Reliance Glo HL (00723) has released its annual results for the year ending March 31, 2024, with revenue of HKD 306 million...
Reliance Glo HL (00723.HK) saw a decrease of 40% in revenue to HKD 305.6 million for the fiscal year 2024.
On June 27th, Globalland's announcement showed that Reliance Glo Hl (00723.HK) recorded a 40% drop in revenue to HKD 305.6 million in the 2024 fiscal year, and the company's owners accounted for a loss of HKD 4.453 million (surplus of HKD 280,000 in 2023), mainly due to the challenging operating environment the group is facing. The Board of Directors does not recommend the payment of final dividends for the year ending March 31, 2024 (none in 2023). The group recorded losses mainly because (i) the wood supply chain operation ("wood supply chain operation") of the group recorded losses, mainly due to its declining revenue and margins.
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