Zhitong Financial APP News, Midis muscle (08307) issued an announcement that the Group expects to achieve a consolidated loss of about HK $3.3 million for the six months ended September 30, 2022, compared with a net profit of about HK $1.8 million for the six months ended September 30, 2021.

The board of directors believes that the above profit is mainly due to the negative impact of the epidemic and fierce market competition. In the six months ended September 30, 2022, the group's income decreased by about HK $6.6 million or 24.8% compared with the same period last year; and the unrealised exchange loss resulting from the conversion of bank deposits denominated in RMB is about HK $1.4 million.