Summary by Futu AI
Asian Citrus Holdings Limited ("the Company") announced the full year performance for the year ended June 30, 2024. During the period, the Group's revenue increased from RMB 110.0 million in the previous year to RMB 168.6 million, a growth of 53.3%. Despite the improvement in revenue, the attributable loss to owners of the Company decreased from RMB 58.7 million in the previous year to RMB 25.6 million, a decrease of 56.4%. The Group successfully completed a rights issue and share capital reorganization during the reporting period, raising approximately HKD 15.5 million, and completed the share capital reorganization in the first half of 2024. In addition, the Group actively adjusted its business strategy during the reporting period, including shifting the focus of its planting business to passion fruit and expanding its fruit distribution business. The Board of Directors holds a cautiously optimistic view on the future and will continue to seek market opportunities and overcome challenges. As of the year ended June 30, 2024, the Group's main businesses include planting operations, fruit distribution business, and air conditioning distribution business.