RENCO HOLDINGS (02323) announced its financial results for 2024, with a net loss of HK$23.31 million, a decrease of 93.8% compared to the previous year.

RENCO HOLDINGS (02323) announced its annual performance for the year ending December 31, 2024, with total revenue of approximately 2.43 million Hong Kong dollars. In comparison, the total loss for the same period in 2023 was 5.44 million Hong Kong dollars. The net loss was 23.331 million Hong Kong dollars, representing a 93.8% decrease year-on-year, with a basic loss per share of 0.88 Hong Kong cents. The increase in revenue for the period was mainly attributed to an increase in fair value gains on financial assets that were not realized.