According to the Zhitong Finance App, Huihan Holdings (00214) announced its results for the six months ended September 30, 2023. Group revenue was HK$1 billion, a year-on-year decrease of 16.78%; loss attributable to shareholders was HK$619 million, up 1557.1% year on year; and loss per share was HK$0.74.
According to the announcement, the increase in losses attributable to shareholders was mainly due to (i) a decrease in investment income; (ii) further calculation of anticipated credit loss provisions for financial asset investment; and (iii) a higher share of profits confirmed by property development joint ventures in the previous period.