Junqiu Holdings (01481) expects the post-tax loss recorded in the six months ending June 30, 2023, to increase by more than 100% over the post-tax loss of about 2.4 million yuan in the same period in 2022.
The increase in losses after tax was mainly due to a decrease in customer orders and a decrease in the Group's gross profit compared to the same period last year; increased legal and professional expenses relating to corporate actions carried out during this period; and other tax increases.
Trading in the company's shares continues to be suspended.