HUSCOKE HLDGS (00704) expects a mid-term loss of approximately HK$15.974 million, a decrease of about 27% year-on-year.

HUSCOKE HLDGS (00704) announced that the board of directors expects the group to incur a loss of approximately HK$15.974 million for the six months ending on September 30, 2024, a decrease of approximately 27% compared to the loss of HK$21.768 million for the same period ending on September 30, 2023. The main difference is due to the group gaining exchange gains on a receivable asset during this reporting period due to changes in the RMB and USD exchange rates (which resulted in a loss in the same period in 2023), as well as a significant decrease in professional fees expenses for the group during this reporting period, contributing to the reduced loss compared to the same period last year.