REM Group Holdings (01750.HK) announced on August 27 that for the six months ended June 30, 2024, the group's income decreased by approximately 29.8% year-on-year to approximately HKD 60.2 million. The group recorded a net loss attributable to shareholders of approximately HKD 2.956 million for the six months ended June 30, 2024, while a net profit attributable to shareholders of approximately HKD 0.537 million was recorded for the six months ended June 30, 2023. The loss per share was HKD 0.16.

The decrease in income was mainly due to a decrease in sales orders from low-voltage distribution and power control device customers for the six months ended June 30, 2024, compared to June 30, 2023. The company will strive for sustainable business growth to bring maximum long-term benefits to shareholders. The Board of Directors remains optimistic about the group's business and prospects for the coming year.