Arta Techfin Limited (ARTA TECHFIN) announced a positive profit forecast on November 18, 2024, expecting a significant reduction in losses for the first half of the fiscal year 2024. According to the board of directors' preliminary assessment, the unaudited consolidated net loss is expected to be no less than approximately HKD 18,000,000, an improvement compared to approximately HKD 47,000,000 in the first half of the fiscal year 2023. This expected improvement is primarily due to an increase in revenue and other income of approximately HKD 13,000,000, particularly from improved performance in asset management, wealth management and consulting services, as well as insurance brokerage business, along with a reduction in expenses of approximately HKD 17,000,000 due to cost-effective measures. However, these positive impacts are partially offset by increases in consulting, legal and professional fees, as well as other operating expenses. The company will announce detailed interim results at the end of November 2024. Shareholders and potential investors should act with caution and carefully read the announcement after the interim results are released.

Arta Techfin Limited (ARTA TECHFIN) announced a positive profit forecast on November 18, 2024, expecting a significant reduction in losses for the first half of the fiscal year 2024. According to the board of directors' preliminary assessment, the unaudited consolidated net loss is expected to be no less than approximately HKD 18,000,000, an improvement compared to approximately HKD 47,000,000 in the first half of the fiscal year 2023. This expected improvement is primarily due to an increase in revenue and other income of approximately HKD 13,000,000, particularly from improved performance in asset management, wealth management and consulting services, as well as insurance brokerage business, along with a reduction in expenses of approximately HKD 17,000,000 due to cost-effective measures. However, these positive impacts are partially offset by increases in consulting, legal and professional fees, as well as other operating expenses. The company will announce detailed interim results at the end of November 2024. Shareholders and potential investors should act with caution and carefully read the announcement after the interim results are released.