Financially APP News, Asia Orient (00214) announced that the Group expects a loss of 0.21 billion Hong Kong dollars to 0.27 billion Hong Kong dollars for the six months ended September 30, 2024, compared to the loss of 0.619 billion Hong Kong dollars in the corresponding period of 2023.

The main reasons for this change are due to an increase in surplus recognition from real estate development projects; a decrease in expected credit losses from financial asset investments; a reduction in some losses due to revaluation losses of investment properties offsetting revaluation gains from the same period last year; and a decrease in interest income from financial investments.