I-Control's Fiscal H1 Loss Balloons to Nearly HK$17 Million

MT Newswires Live

2024/11/15

I-Control Holdings (HKG:1402) recorded a loss attributable to owners of HK$16.6 million for the six months ended Sept. 30, up from HK$2.7 million a year ago.

Loss per share climbed to HK$0.0158 from HK$0.0026 a year earlier, according to a Friday filing with the Hong Kong Exchange.

The IT service management company's revenue was HK$63.1 million, down 9.5% from HK$69.8 million a year ago.

The company attributed the lower revenue to market competition and decreased projects and orders completed.

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