Sino ICT (00365) released its interim performance for the six months ended June 30, 2024, during which the group achieved...
According to the announcement, the company's revenue for the six months ended June 30, 2024 was HKD 0.143 billion, an increase of 21.84% compared to the same period last year. The attributable loss to shareholders was HKD 10.777 million, a decrease of 61.45% compared to last year. The basic loss per share was HKD 0.74.
According to the announcement, the decrease in the loss attributable to owners of the company was mainly due to the improved performance of the SMT and semiconductor equipment manufacturing business during the period, as well as the reduction in costs and expenses related to the termination of the radar business. Taking into account the moderate global economic recovery during the period, but still affected by factors such as geopolitical tensions, sticky inflationary impact, and increased fiscal deficit, the growth momentum is weak, and the group believes that the business performance in the first half of the year is in line with expectations.