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%.

23:03 28/02/2025

Global Industrial Technology (01026) released its interim performance for the 12 months ending December 31, 2024, with the Group's revenue...

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.

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