According to Zhitong Finance APP, Everchina Int'l (00202) announced its interim results for the six months ending September 30, 2024, in which the group reported revenue of 46.13 million Hong Kong dollars, an increase of 3.42% year-on-year; the loss attributable to shareholders was 67.73 million Hong Kong dollars, a decrease of 63.76% year-on-year; loss per share was 0.929 Hong Kong cents.

The announcement states that the loss reduction was mainly due to the net impact of the following items: the decrease in the loss from the fair value changes of investment properties of the group by 61.2% to approximately 30.435 million Hong Kong dollars (for the six months ending September 30, 2023: 78.462 million Hong Kong dollars); no loss from the early repayment of amounts payable to an affiliate (for the six months ending September 30, 2023: 17.444 million Hong Kong dollars), which had been accounted for in the previous year’s other income and net losses; during the period, the expected credit loss provision for trade and other receivables was approximately 27.345 million Hong Kong dollars, while last year had a reversed expected credit loss provision of approximately 0.098 million Hong Kong dollars; tax expenses decreased by 45.7% to about 15.854 million Hong Kong dollars (for the six months ending September 30, 2023: 29.186 million Hong Kong dollars); and the recognition of profits from discontinued operations amounting to approximately 29.329 million Hong Kong dollars due to tax credits (for the six months ending September 30, 2023: loss of 29.057 million Hong Kong dollars).