Asiasec ppt (00271) released its six-month performance ending June 30, 2024, and the group generated revenue during the period...
According to the announcement, the main reason for the change in the group's financial performance is that the fair value loss of investment properties during this reporting period was HKD 12.79 million, compared to a fair value gain of HKD 6.046 million in the same period last year. In addition, financing costs of HKD 17.668 million were incurred during this reporting period from other borrowings, compared to no financing costs incurred in the six months ended June 30, 2023.
According to the announcement, the group's financial performance has changed mainly due to a fair value loss of HKD 12.79 million on investment properties during this reporting period, compared to a fair value gain of HKD 6.046 million in the same period last year. Additionally, financing costs of HKD 17.668 million were incurred during this reporting period from other borrowings, while no financing costs were incurred in the six months ended on June 30, 2023.
