NOVAUTEK (00519) released its interim performance, with a shareholders' loss of HK$71.226 million, an increase of 113.55% year-on-year.

NOVAUTEK (00519) released its interim results for the six months ending on December 31, 2024. The Group achieved a revenue of HK$14.46 million, a decrease of 35.24% year-on-year; the attributable loss to owners of the company was HK$71.226 million, an increase of 113.55% year-on-year; with a loss per share of HK$0.0233. The announcement stated that the loss for the six months ending on December 31, 2024 was mainly due to a decrease in fair value of investment properties of HK$43.982 million and a decrease in fair value of financial assets recognized in profit or loss of HK$24.357 million.