Welife Technology Swings to Loss in Fiscal H1 as Revenue Plummets 44%

MT Newswires Live
03-10

Welife Technology (HKG:1703) reported a loss attributable to owners of HK$16.6 million for six months ended Sept.30, against a profit of HK$4.8 million a year earlier, according to a Friday filing with the Hong Kong bourse.

Loss per share was HK$0.0145, compared to earnings per share of HK$0.0042 a year ago.

The company's revenue dropped by 44% year on year to HK$99.4 million from HK$176.7 million, the filing said.

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