According to the Zhitong Finance App, Huitao Group (08238) announced that the group expects to lose about HK$14 million in the six months ending June 30, 2023, while profit of about HK$5 million for the same period in 2022.
According to reports, losses for the six months ending June 30, 2023 were mainly due to reduced revenue due to reduced demand for publications and advertising businesses and billboard advertising businesses.