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Soundwill Holdings' H1 Attributable Loss Widens Despite Surge in Revenue
soundwill hold (00878.HK) reported a half-year loss of approximately 0.975 billion Hong Kong dollars, an increase of 180% year-on-year.
Soundwill Holdings (00878.HK) announced on August 21 that for the six months ended June 30, 2024, the Group recorded a revenue of approximately HKD 1,030,115,000, an increase of approximately HKD 817,812,000 compared to the same period last year. The increase in revenue was mainly due to an increase in income from property development projects. During this period, the company's attributable loss was approximately HKD 974,829,000, an increase of 180% compared to the same period in 2023. The increase in loss was mainly due to an investment property valuation loss of HKD 1,324,070 recorded as of June 30, 2024.
Express News | Soundwill Holdings - Hy Revenue HK$1,030.1 Mln
Express News | Soundwill - Hy Loss Attributable HK$974.8 Mln Vs Loss HK347.7 Mln
SOUNDWILL HOLD: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Soundwill Holdings (00878.HK) will hold a board meeting on August 21 to approve the mid-year performance.
Soundwill Holdings (00878.HK) announced on August 9th that the company will hold a board meeting on August 21, 2024 to consider and approve the mid-term performance of the company and its subsidiaries for the six months ending June 30, 2024 and its publication, and consider the distribution of interim dividends (if any).
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