Qingdao Holdings (00499.HK) announced that based on the preliminary evaluation of the unaudited comprehensive management accounts of the Group as of June 30, 2024 (mid-year of 2024) and the information currently available to the board of directors, it is expected that the Group will record a loss attributable to owners of the company of approximately RMB 14 million for the six months ended June 30, 2024, while a loss attributable to owners of the company of approximately RMB 31 million was recorded for the six months ended June 30, 2023.
The reduction in the loss is mainly due to the following factors: (i) the fair value of investment properties did not further decrease in the mid-year of 2024, while a decrease of approximately RMB 24,271,000 was recorded for investment properties in the same period of 2023; (ii) the group's revenue and other income increased in the mid-year of 2024 compared to the same period of 2023.
