FilingReader Intelligence
Realord Group plunges to significant loss in 2024
March 31, 2025 at 05:07 PM UTC•By FilingReader AI
Realord Group Holdings (HKEX:1196) announced a challenging fiscal year ending December 31, 2024, marked by a net loss of HK$956.5 million, contrasting sharply with the HK$41.3 million profit reported in 2023. This downturn is attributed to significant fair value losses on investment properties and increased impairment losses. Revenue decreased by 28.7% year-over-year to HK$428.4 million.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
HKEX:1196•Hong Kong Exchange
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