Prosper Future (01259.HK) announced on August 21st that the group expects an increase in net loss after tax for the six months ended June 30, 2024. The company estimates that the net loss after tax for the six months ended June 30, 2024 will be approximately 2.99 million to 3.59 million Hong Kong dollars, compared to a net loss after tax of approximately 1.26 million Hong Kong dollars in the same period last year.

The group's performance showed this loss primarily due to (i) impairment loss on properties under development of approximately 0.9 million Hong Kong dollars, while a reversal of impairment loss of approximately 0.4 million Hong Kong dollars was recorded for the six months ended June 30, 2023; and (ii) fair value loss on investment properties of approximately 0.84 million Hong Kong dollars, while fair value gain of approximately 0.08 million Hong Kong dollars was recorded for the six months ended June 30, 2023.