Longhao Aviation Technology (00918.HK) announced on November 22 that the group expects to record an unaudited comprehensive loss attributable to owners of the company of approximately 15 million Hong Kong dollars to 17 million Hong Kong dollars for the six months ended September 30, 2024 ("First Half of 2024"), compared to a loss of approximately 2.1 million Hong Kong dollars for the six months ended September 30, 2023.
The board of directors believes that the increase in net loss is mainly due to (i) a decrease in revenue of approximately 73.9 million Hong Kong dollars; and (ii) an increase in sales and distribution expenses and administrative expenses of approximately 7.8 million Hong Kong dollars.
