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InvesTech Holdings Limited (HKG:1087) Stock Rockets 32% As Investors Are Less Pessimistic Than Expected
INVESTECH HLDGS: INTERIM REPORT 2024
Express News | InvesTech Holdings H1 Gross Profit RMB 23.3 Million
Express News | InvesTech Holdings H1 Revenue RMB 227.3 Million
INVESTECH HLDGS: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
Investech Holdings (01087.HK): It is expected that the net loss in the first half of the year will increase to approximately 38 million yuan to 43 million yuan.
Investech Hldgs (01087.HK) announced on August 20 that the group is expected to record a net loss of approximately RMB 38 million to RMB 43 million for the six months ending on June 30, 2024, while recording approximately RMB 19.3 million for the six months ending on June 30, 2023. This is mainly due to (i) the overall market situation of commercial real estate in Hong Kong during the review period was not ideal, and an investment property fair value loss of approximately RMB 14.9 million was recorded during this period (six months ending on June 30, 2023: none); and (ii) due to China.
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