DATRONIX HOLD (00889) is expected to incur a loss of more than HK$50 million for the 2024 fiscal year.

DATRONIX HOLD (00889) announced that it expects the group to incur a net loss of more than HK$50 million for the year ending December 31, 2024, compared to a net loss of HK$24 million for the year ending December 31, 2023. This deterioration in performance is attributed to overall weakness in 2024 and fair value losses on investment properties. Despite the expected loss, the financial position of the group remains stable and sound.