Pan Asia Data H (01561) has announced that the group expects to incur a significant loss attributable to shareholders for the six months ending June 30, 2024, of no less than 0.22 billion Hong Kong dollars, compared to a loss attributable to shareholders for the six months ending June 30, 2023, of approximately 17.1 million Hong Kong dollars.

The increase in expected loss is mainly due to a significant decrease in the business activities of the big data service category of the group. The revenue of the big data service category decreased by approximately 67.8% for the six months ended June 30, 2024, compared to the same period in 2023.