ARTA TECHFIN Limited announced its interim results for the six months ended September 30, 2024. During this period, the group's revenue significantly increased by 227.6% to HKD 20.38 million, primarily due to substantial improvements in Asset Management, Wealth Management, and advisory services as well as the Insurance brokerage business. The comprehensive net loss narrowed by 58.8% to HKD 19.4 million. The basic and diluted loss per share was HKD 0.11.Operating expenses decreased by 27.1% to HKD 34.39 million, mainly due to a reduction in employee benefits expenses, financing costs, and Information Technology and maintenance expenses by approximately HKD 19 million. However, consultancy, legal, and professional fees increased by approximately HKD 3 million to HKD 9 million, predominantly for dealing with legal and regulatory inquiries and operational matters.The company stated...Show More

ARTA TECHFIN Limited announced its interim results for the six months ended September 30, 2024. During this period, the group's revenue significantly increased by 227.6% to HKD 20.38 million, primarily due to substantial improvements in Asset Management, Wealth Management, and advisory services as well as the Insurance brokerage business. The comprehensive net loss narrowed by 58.8% to HKD 19.4 million. The basic and diluted loss per share was HKD 0.11.Operating expenses decreased by 27.1% to HKD 34.39 million, mainly due to a reduction in employee benefits expenses, financing costs, and Information Technology and maintenance expenses by approximately HKD 19 million. However, consultancy, legal, and professional fees increased by approximately HKD 3 million to HKD 9 million, predominantly for dealing with legal and regulatory inquiries and operational matters.The company stated that despite the unstable Global macro environment and the sluggish atmosphere in the Hong Kong securities market, the group improved its overall operational performance by formulating new Business strategies, seizing market opportunities, and strictly controlling costs. The company is confident about its prospects, believing that with the recovery of the Hong Kong market, decreasing interest rates, and the revitalization of the Greater China economy, the group is fully prepared to seize various opportunities.