According to the announcement from Zo Future Group (02309), the group is expected to achieve an estimated loss of approximately 0.19 billion Hong Kong dollars for the fiscal year ending June 30, 2024, compared to an estimated loss of approximately 25.7 million Hong Kong dollars for the fiscal year ending June 30, 2023.

It is reported that the increased loss is mainly due to the following factors during the year: (1) no compensation for the football club division under the profit and loss sharing arrangement between the company and Dongni Investment Co., Ltd.; (2) increased financing costs; (3) loss from an associated company; (4) administrative and other expenses of the group, including increased employee costs and professional service fees to support the development of new business divisions; and (5) additional impairment losses on the group's property, factory and equipment, leasehold assets, and intangible assets, but partially offset by (a) increased profits from the registration of sold players; (b) reduced share of loss from a non-wholly-owned subsidiary company after the completion of the sale of equity interests; (c) fair value changes in financial assets recorded in profit and loss; and (d) offset by no loss from fair value changes in investment property.