OKG TECH (01499) issues a profit warning, expecting the mid-term losses attributable to shareholders to narrow by no more than HK$4 million compared to the same period last year.

OKG TECH (01499) announces that the group expects to incur a net loss attributable to owners of the company not exceeding HK$4 million for the current period (six months ended September 30, 2024), while the net loss attributable to owners of the company for the same period in 2023 was approximately HK$9.2 million. The announcement states that the decrease in loss is mainly due to (1) an increase in revenue from digital asset-related business; and (2) the sale of building waste processing services in December 2023, which incurred a loss of approximately HK$5.9 million for the same period in 2023.