On August 26, Glory Times reported the mid-year performance of Courage Investment (01145.HK). In the first half of 2024, the total group revenue was $5.07 million, a year-on-year increase of 28.26%; the attributable profit to owners of the company was $1.278 million (as of June 30, 2023: a loss of $983,000), and the total comprehensive income attributable to owners of the company was $1.278 million (as of June 30, 2023: total comprehensive expense of $1.232 million).

The turnaround of the group's performance from loss to profit was mainly due to: (i) the contribution of surplus from the group's shipping business increased to $2.17 million (as of June 30, 2023: $0.796 million); (ii) the crediting loss provisions for debt instruments not included in other comprehensive income at fair value (as of June 30, 2023: $0.704 million); (iii) no losses from a joint venture company of the group (as of June 30, 2023: $0.591 million); and (iv) the comprehensive impact of ship impairment losses of $0.299 million (as of June 30, 2023: a net reversal of impairment losses of $0.109 million).