Zhitong Financial App News, Real time Service (08181) announced results for the first quarter of the three months ended June 30, 2023, with an income of about HK $146 million, up about 9.19% from a year earlier; a net loss of HK $3.945 million, an increase of 4.92% over the same period last year; and a loss of 0.352 Hong Kong cents per share.
The increase in income was mainly due to an increase in income from property management service contracts for the three months ended June 30, 2023, the notice said. The increase in loss was mainly due to an increase in administrative expenses of about HK $1.2 million due to higher staff costs, and a decrease of about HK $2.2 million in other income generated by government subsidies for employment protection programmes under the Government's Anti-epidemic Fund; this was partly offset by a decrease of about HK $2.9 million in other operating expenses as a result of share-based payment expenses.