Yu Cheng Kejin (00279) issued an announcement that the Group expects the Group to end September 30, 2023 for 6 months (2023...
According to the Zhitong Finance App, Yu Cheng Kejin (00279) issued an announcement. It is anticipated that the Group may obtain a comprehensive net loss of not less than HK$46 million in the 6 months ending September 30, 2023 (first half of FY2023), while the net comprehensive loss for the first half of the 2022 fiscal year (first half of FY2022) is approximately HK$38 million.
According to the announcement, the net consolidated loss for the first half of fiscal year 2023 is expected to increase compared to the first half of fiscal year 2022, mainly due to the combined effects of the following: in an unfavorable business environment, revenue and other income decreased by about HK$3 million due to reduced business volume due to reduced primary and secondary capital market activity; IT and maintenance expenses increased by about HK$8 million; and increased financing costs of about HK$4 million, which were offset by a reduction of about HK$5 million in employee welfare expenses and other operating expenses of about HK$2 million.