New Berry Finance (08439) announced interim results. Loss attributable to company owners of HK$116.98 million increased 12.94 times year-on-year

Zhitongcaijing · 11/26 12:09

According to the Zhitong Finance App, New Berry Finance (08439) announced the results for the six months ended September 30, 2024. Earnings decreased by about 25.9% year on year to HK$24 million. The loss due to company owners was HK$116.98 million, an increase of 12.94 times over the previous year; loss per share was 7.96 HK cents.

According to the announcement, the decline in earnings was mainly due to intense price competition in the corporate finance industry in Hong Kong. The increase in losses was mainly due to a decrease of approximately HK$8.4 million in earnings due to fierce price competition and an unfavorable business environment in the Hong Kong corporate finance market.