According to the Zhito Finance APP news, Arta Techfin (00279) announced that based on the board of directors' preliminary assessment of the group's unaudited consolidated management accounts for the six months ending September 30, 2024 ("first half of the 2024 fiscal year"), the group is expected to incur a consolidated net loss of not less than approximately HKD 18 million, compared to a consolidated net loss of approximately HKD 47 million for the six months ending September 30, 2023 ("first half of the 2023 fiscal year").

Based on the information currently available to the board of directors, the consolidated net loss for the first half of the 2024 fiscal year is expected to decrease compared to the first half of the 2023 fiscal year, mainly due to the combined effects of the following factors: an increase in revenue and other income of approximately HKD 13 million, attributed to significant improvements in asset management, financial advisory and consulting services, as well as insurance brokerage business, along with the company's efforts in the first half of the 2024 fiscal year to expand its customer base and revenue sources; and a decrease in employee welfare expenses, as well as expenses related to information technology and maintenance, by approximately HKD 17 million, in line with the company's implementation of cost-effectiveness measures, somewhat offset by an increase in consulting, legal, and professional fees of approximately HKD 3 million and other operating expenses of approximately HKD 2 million in the first half of the 2024 fiscal year.