According to Zhito Finance APP, Grandshores Technology (01647) announced its interim results for the six months ending September 30, 2024, with revenue of approximately 48.5787 million Singapore dollars, an increase of 66.47% year-on-year; the loss attributable to equity holders of the company increased to 2.874 million Singapore dollars, an 86.3% year-on-year increase; basic and diluted loss per share was 0.24 Singapore cents.

The announcement stated that the increase in loss was mainly due to a reduction in government grants received during the review period and the conversion of exchange gains from the previous period to exchange losses during the review period due to fluctuations in exchange rates.