According to the Zhitong Financial APP, Grown up group (01842) announced the performance for the six months ended June 30, 2024, with revenue of 0.15 billion Hong Kong dollars, a 4.0% year-on-year decrease; a net loss of 5.754 million Hong Kong dollars, a 113.3% year-on-year expansion; and a basic loss per share of 0.48 Hong Kong cents.

During the reporting period, the group experienced an increase in net losses, mainly due to a decrease in average gross margin and a fair value change from income to a loss in listed securities investment of about 2.2 million Hong Kong dollars. This shift was primarily due to the market challenges mentioned above and adjustments in gross margin. Considering these challenges, the group is committed to steadily improving operational efficiency, prudently achieving sustainable growth in the complex and changing business environment.