Zhitong Financial APP News, trying to hold (01008) announced results for the six months ended June 30, 2023, earnings of HK $335 million, down 30% from the same period last year; company owners attributable losses of HK $51.29 million, profit of HK $16.648 million in the same period last year; basic loss per share of HK $0.033.
The decrease in total receipts from continuing operations during the period was mainly due to a decrease in the business volume of printing and manufacturing paper packaging and related materials due to the failure of a subsidiary of the company to secure orders from some of its major customers. In addition, some customers delayed sales orders due to changes in their product design. Finally, compared with the same period in 2022, the average exchange rate of the renminbi depreciated by about 6.7 per cent against the Hong Kong dollar, exacerbating the impact of the decline.