Mobicon Group (01213) announced that the group is expected to achieve shareholder...
Wise financial APP news, Mobicon Group (01213) announced that the group is expected to incur a shareholder attributable loss of approximately 4 million Hong Kong dollars to 6 million Hong Kong dollars for the six months ended September 30, 2024, compared to a shareholder attributable loss of approximately 2.3 million Hong Kong dollars for the six months ended September 30, 2023.
The announcement stated that the significant increase in shareholder attributable loss was mainly due to a decrease in revenue from one of the group's subsidiaries in South Africa during the reporting period, caused by a decline in demand for electrical components, which adversely affected the group's financial performance.
