On August 15, Glonhui reported that VC Holdings (00821.HK) is expected to record an unaudited comprehensive loss of about HKD 63 million to HKD 68 million for the six months ending June 30, 2024, while a loss of about HKD 0.134 billion for the six months ending June 30, 2023.

The main reasons for this change are: (i) during the period ending June 30, 2024, the net loss from financial assets that have been realized and unrealized reduced by approximately HKD 42 million compared to the same period last year under the fair value reporting and income statement treatment; (ii) the provision for impairment losses on accounts receivable decreased by about HKD 8 million compared to the same period last year until June 30, 2024; (iii) employee costs decreased by approximately HKD 13 million compared to same period last year until June 30, 2024.