Artgo Holdings (03313) announced that the group is expected to incur a net loss of approximately RMB 24.5 million for the six months ended June 30, 2024 ('the period'), and incurred a net loss of approximately RMB 40.4 million in the same period last year. It is reported that the expected losses for this period will decrease mainly due to the expected reduction of trade receivables and bills receivable by about RMB 5.4 million; the expected increase of other income and gains by about RMB 8.1 million; and the expected decrease of other financial costs by about RMB 2.8 million.
According to the announcement by Artgo Holdings (03313), the group is expected to incur a net loss of approximately RMB 24.5 million for the six months ended June 30, 2024 ('the period'), compared to a net loss of approximately RMB 40.4 million in the same period last year. It is reported that the expected losses for this period will decrease mainly due to the expected reduction of trade receivables and bills receivable by about RMB 5.4 million; the expected increase of other income and gains by about RMB 8.1 million; and the expected decrease of other financial costs by about RMB 2.8 million.