UNIVERSAL TECH (01026) announced its interim financial results with a shareholder loss of approximately HK$69.127 million, a year-on-year decrease of 49.67%.

UNIVERSAL TECH (01026) announced its interim performance for the 12-month period ending on December 31, 2024. The group's revenue was approximately HK$331 million, a year-on-year increase of about 3.7%; the loss attributable to shareholders was about HK$69.127 million, a year-on-year reduction of 49.67%; with a loss per share of 1.25 HK cents. The announcement stated that the decrease in the group's losses during this period was mainly due to: (a) Non-recurring impairment losses recognized in 2023 due to unfavorable market prospects, and (b) a decrease in the fair value of investment properties in 2023, without any similar impairment losses or fair value changes recognized in 2024.