GOLDEN RES DEV announced its interim results for the six months ended September 30, 2024. During the period, the group's revenue rose slightly by 1.1% year-on-year to HKD 1.038 billion, but it turned from profit to loss, recording a loss of HKD 2.46 million, compared to a profit of HKD 83.12 million in the same period last year. The basic loss per share was HKD 0.3. The Board of Directors did not recommend the payment of an interim dividend.The main business of the group, income from Circle K convenience stores, was HKD 0.6 billion, an increase of 1.9% year-on-year. However, the fair value changes of investment properties recorded a loss of HKD 13.9 million, compared to a gain of HKD 79.83 million in the same...Show More

GOLDEN RES DEV announced its interim results for the six months ended September 30, 2024. During the period, the group's revenue rose slightly by 1.1% year-on-year to HKD 1.038 billion, but it turned from profit to loss, recording a loss of HKD 2.46 million, compared to a profit of HKD 83.12 million in the same period last year. The basic loss per share was HKD 0.3. The Board of Directors did not recommend the payment of an interim dividend.The main business of the group, income from Circle K convenience stores, was HKD 0.6 billion, an increase of 1.9% year-on-year. However, the fair value changes of investment properties recorded a loss of HKD 13.9 million, compared to a gain of HKD 79.83 million in the same period last year, becoming the main reason for the decline in performance. In terms of operating expenses, the sales and distribution costs increased by 7.4% to HKD 0.239 billion, while administrative expenses decreased by 4.4% to HKD 0.123 billion.As of September 30, 2024, the group's total Assets were HKD 1.741 billion, a slight increase of 0.4% compared to March 31, 2024. The current ratio fell from 1.9 to 1.8, and the debt ratio decreased from 2.8 to 2.7. Looking ahead, the group will continue to focus on the development of its core Business and closely monitor market changes, adjusting its strategy in a timely manner to meet challenges.