PT International Development Swings to Loss in Fiscal H1

MT Newswires Live

2024/11/29

PT International Development (HKG:0372) posted a loss attributable to owners of HK$41.1 million for the six months ended Sept. 30, reversing a profit of HK$352.2 million in the year-ago period.

Loss per share was HK$0.0136, compared with earnings per share of HK$0.1282 a year earlier, according to a Thursday filing with the Hong Kong Exchange.

The losses were mainly due to the unrealized fair value loss of financial instruments, in particular, the group's investment in AFC Mercury Fund.

Revenue from continuing operations amounted to HK$76 million, compared with HK$20 million a year ago.

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