Zhitong Financial APP News, Tongda Hongtai (02363) released interim results for the six months ended June 30, 2023, the group's income for the period was HK $46.836 million, down 42.86% from the same period last year; the loss attributable to shareholders was HK $48.513 million, an increase of 62.68% over the same period last year; and the basic loss per share was HK7.13 cents.
According to the announcement, the decrease in earnings was mainly due to the decrease in sales orders received during the period when the Group continued to restructure its operations which began last year and the Group continued to re-evaluate its projects to improve operating cash flow.