Summary by Futu AI
CSC Holdings Limited (the 'Company') has announced its unaudited interim results for the six months ended 30 June 2024. The report shows that the Company's revenue decreased by 61% to HK$19,888,000, mainly due to a decrease in interest income from lending business. The Company's attributable loss to owners amounted to HK$1,926,000, with a basic loss per share of 0.01 HK cents. During this period, the Company's investment securities business did not generate any income and recorded a loss of HK$548,000. Income from lending business decreased to HK$14,662,000, but net profit increased to HK$15,025,000, mainly due to a decrease in provision for impairment losses on receivables. The Company's trading business did not generate any income during the period, and income from securities brokerage business decreased to HK$457,000. As of 30 June 2024, the Company's equity attributable to owners amounted to HK$2,210,146,000. The management stated that they will continue to manage the business with a prudent approach and seek new business and investment opportunities.
