According to the Zhitong Finance App, ITE HOLDINGS (08092) announced results for the three months ended June 30, 2023, with earnings of HK$3.292 million, down 18% year on year; net profit of HK$506,000, down 18.6% year on year; and basic profit of HK0.05 cents per share.

Given the economic situation in Hong Kong, China, the company remains cautious about the outlook. The company will continue to adopt strict financial measures to minimize various risks and reduce operating expenses.