NOVA Group Holdings Ltd. ( (HK:1360) ) has shared an update.
NOVA Group Holdings Ltd. reported its annual results for the year ending June 30, 2024, revealing a significant decrease in revenue from continuing operations, down to HK$31,561,000 from HK$41,219,000 in the previous year. The company faced substantial operating losses, primarily due to impairment losses and provisions for expected credit losses, resulting in a total comprehensive expense of HK$211,240,000. This financial performance indicates ongoing challenges for the company, impacting its market position and stakeholder confidence.
More about NOVA Group Holdings Ltd.
NOVA Group Holdings Ltd., incorporated in the Cayman Islands, operates in various sectors, providing a range of services and products. The company is listed on the Stock Exchange of Hong Kong.
YTD Price Performance: 20.0%
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$24.65M
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