ARTA TECHFIN Limited (Arta Techfin) issued a profit warning, expecting a comprehensive loss of not less than HKD 60 million for the year ending March 31, 2024, a decrease compared to the loss of HKD 90 million in the 2023 fiscal year. The expected reduction of the loss is mainly due to increased revenue, reduced provision for impairment losses, reduced employee benefit expenses, reduced consulting and professional fees, and other operating expenses, but is partially offset by increased information technology expenses and rising financing costs. The company stated that these figures are based on the board of directors' preliminary evaluation of unaudited management accounts and will publish audited full-year financial performance by the end of June 2024. Shareholders and potential investors should exercise caution and seek professional advice if necessary.

ARTA TECHFIN Limited (Arta Techfin) issued a profit warning, expecting a comprehensive loss of not less than HKD 60 million for the year ending March 31, 2024, a decrease compared to the loss of HKD 90 million in the 2023 fiscal year. The expected reduction of the loss is mainly due to increased revenue, reduced provision for impairment losses, reduced employee benefit expenses, reduced consulting and professional fees, and other operating expenses, but is partially offset by increased information technology expenses and rising financing costs. The company stated that these figures are based on the board of directors' preliminary evaluation of unaudited management accounts and will publish audited full-year financial performance by the end of June 2024. Shareholders and potential investors should exercise caution and seek professional advice if necessary.