On August 30, Glory Sun (00509.HK) announced that the group's overall revenue for the six months ended June 30, 2024 reached HKD 136,284,000, an increase of approximately 11.4% year-on-year. The overall gross loss ratio recorded 16.0% (2023: 27.8%).

During the period, the group's net loss after tax was approximately HKD 136,531,000, an improvement of approximately 50.2% year-on-year. This is mainly due to the reduction in depreciation and amortization, professional fees, and provision for default interest.

The group will continue to monitor market trends and adjust its business strategy in response to market conditions and other multiple factors to reduce corresponding price volatility risks and drive performance recovery. In addition, the board of directors is also taking several measures to improve and strengthen the group's operation and management. These include (i) internal capital and debt restructuring, as well as seeking potential investor participation in fundraising plans; and/or (ii) further cost control measures for capital investment and operations to reduce the overall operating costs of the group.