According to the announcement by Max Sight Group (08483), the group expects to have a post-tax net income of no less than approximately 0.2 million Hong Kong dollars in the first half of 2024, while the post-tax net income in the same period in 2023 was about 3.7 million Hong Kong dollars.

The announcement stated that the decrease in post-tax profits was mainly due to a decrease in revenue to no less than approximately 34.5 million Hong Kong dollars and a decrease in gross profit to no less than approximately 10.8 million Hong Kong dollars, mainly because the revenue of the photography service business has decreased. This is due to a slowing demand in the first half of 2023 shortly after the relaxation of entry and exit control policies to update travel documents. In addition, administrative expenses increased by about 0.85 million Hong Kong dollars, mainly due to an increase in employee costs.