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Article Date: April 2024
Word Count: 169

Symphony Holdings’ Red Ink Deepens


Net loss ballooned at the diversified brand owner, retailer and real estate owner to HK$213,966,000 ($27.4 mm) for the 2023 fiscal year ended Dec. 31 from a loss of HK$88,961,000 on revenue that was up 8% to HK$304,725,000 ($39.0 mm) from HK$279,153,000. The bottom line was pulled down by a HK$65.0 million loss on fair value of investment properties, a loss on reevaluation of financial assets, increased financing costs due to higher interest rates, and the ... Log in to view full article.

 


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