Zhongtong Finance APP reports that Grand Ocean AR (00065) released its performance for the six months ended June 30, 2024, with revenue of 88.602 million Hong Kong dollars, an 8.4% year-on-year increase; the company's owner's loss attributable to equity holders narrowed by 9.273 million Hong Kong dollars year-on-year, a 49.1% decrease; basic loss per share was 0.5 Hong Kong cents.

The reduction in losses during the period was mainly due to no provision for the settlement amount of the indirect non-wholly-owned subsidiary companies of the company during this reporting period.