According to the Zhitong Finance App, Bigao Group (08220) announced results for the six months ending September 30, 2022, with earnings of HK$1,815 million, a year-on-year decrease of 46.1%; loss attributable to shareholders of HK$5,847 million, a decrease of 21.3% over the previous year; and a basic loss of HK$5.70 per share.

The reduction in losses during the period was mainly due to the implementation of tight cost control measures during the period to cope with the severe business environment.