Investech Holdings (01087.HK) announced that it expects the group's net loss for the six months ending June 30, 2024 to increase to between approximately RMB 38 million and RMB 43 million, compared to approximately RMB 19.3 million for the six months ended June 30, 2023. The main reason for this is due to (i) the overall market of the Hong Kong commercial real estate not being ideal during the retrospective period, resulting in an investment property fair value loss of approximately RMB 14.9 million (none in the six months ended June 30, 2023); and (ii) intense competition in the Chinese mainland market and a continuously uncertain global market leading to a decrease in revenue and gross profit during this period. The group's investment property fair value loss is a non-cash item that will not have an immediate impact on the group's cash flow and operation.
威讯控股(01087.HK)：预计上半年净亏损增加至介乎约3800万元-4300万元
Investech Holdings (01087.HK): The expected net loss for the first half of the year is expected to increase to approximately 38 million yuan to 43 million yuan.
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