According to the Financial Intelligence APP, Magnusconcordia (01172) announced the interim performance for the six months ended September 30, 2024, with revenue of 0.101 billion Hong Kong dollars, a 43% decrease year-on-year; the company's attributable loss to owners narrowed by 32.9% to 36.522 million Hong Kong dollars, with a basic and diluted loss per share of 0.63 Hong Kong cents.

The announcement stated that the reduced loss was mainly due to the decrease in property development business, resulting in a post-tax net loss reduction to approximately 13 million Hong Kong dollars (2023: 42 million Hong Kong dollars), due to the reduction in provision for impairment of property inventory for the property development project in Zigong City made as of September 30, 2024.