I-CONTROL (01402) released its interim performance results, showing a net loss attributable to shareholders of 16.588 million Hong Kong dollars, an increase of 510.08% year-on-year.

I-CONTROL (01402) announced its financial performance for the six months ended September 30, 2024. The group recorded revenue of HK$63.144 million during the period, a decrease of 9.54% year-on-year. The attributable loss to owners of the company for the period was HK$16.588 million, an increase of 510.08% year-on-year. The basic loss per share was HK1.58 cents. The announcement stated that the operating gross profit from continuing operations decreased from approximately HK$22.81 million for the six months ended September 30, 2023 to approximately HK$21.346 million for the six months ended September 30, 2024, mainly due to a decrease in the number of projects and orders completed during the comparative period.