According to the announcement released by Crediting (08198) on the Intelligent Wealth APP, the group is expected to reduce its net loss by HKD 2.5 million to HKD 5 million for the six months ending June 30, 2024, compared to a net loss of approximately HKD 8.9 million for the six months ending June 30, 2023.

The announcement stated that the main reason for the expected decrease in net loss during this period compared to the same period last year is the reduction of provisions for loans and receivables, trade receivables, and other receivables under the expected crediting loss model, mainly due to repayment of loans and accrued interest, as well as a decrease in receivables.