China United Venture Investment Limited Reports Interim Revenue Surge from Connectivity Products Sales for Six Months Ending September 2024
Reuters
Jun 18
China United Venture Investment Limited Reports Interim Revenue Surge from Connectivity Products Sales for Six Months Ending September 2024
China United Venture Investment Limited has announced its interim results for the six months ended 30 September 2024. The company reported a loss before taxation of HK$39.752 million, compared to a loss of HK$23.873 million in the same period last year. The loss for the period was HK$39.772 million, showing a significant increase from the HK$23.936 million loss recorded in the previous year. Administrative expenses rose to HK$30.898 million from HK$26.633 million, and selling and distribution expenses decreased to HK$1.946 million from HK$3.303 million. The share of loss of joint ventures was reported at HK$722,000, and finance costs were reduced to HK$1.089 million from HK$1.650 million. There were no specific updates on the business operations provided in this announcement. The company has not disclosed any forward-looking guidance or outlook in this interim report.
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