Link Holdings (08237) announced its mid-year performance for 2024, with an income of 22.0672 million Hong Kong dollars, a year-on-year decrease of 1...
According to the Zhitong Finance APP, Link Holdings (08237) announced its mid-year performance for 2024, with an income of 22.0672 million Hong Kong dollars, a year-on-year decrease of 15.26%; the company's attributable loss was 34.736 million Hong Kong dollars, a year-on-year decrease of 39.12%; with a loss per share of 0.829 Hong Kong cents.
The announcement stated that the decrease in income was mainly due to the temporary renovation of the affiliated buildings of Singapore Link Hotel.
The reduction in losses was mainly due to the group's tightening of cost control measures in various operational divisions and headquarters, as well as a reduction in administrative expenses during the review period (including a significant reduction in legal and professional fees). However, this was partially offset by the temporary renovation of the affiliated buildings of Singapore Link Hotel, resulting in a decrease in income of approximately 4 million Hong Kong dollars, a decrease in gross profit of approximately 7.1 million Hong Kong dollars, and an increase in financial expenses for interest-bearing bank and other borrowings of approximately 7.3 million Hong Kong dollars.