According to the Zhitong Finance App, Xinaid Group (08412) announced the results for the three months ended August 31, 2023, with revenue of HK$21.961,000, up 112.9% year on year; loss attributable to company owners was HK$2.606 million, narrowed 11.5% year on year; basic loss per share was 2.63 HK cents.
During the reporting period, Hong Kong, China lifted social distancing measures in bars, clubs and entertainment venues, thereby extending business hours. The lifting of restrictions on cross-border travel also boosted the Group's operations. As a result, compared to the same period last year, the Group recorded losses and a decrease in total overall expenses during the reporting period.