Founder Holdings (HKG:0418) expects an attributable loss of up to HK$20 million in the first half of 2025, up from HK$4.4 million a year prior, a Friday Hong Kong bourse filing said.

The IT service provider attributed the forecast to a lower gain on the reversal of an impairment provision of an entrusted loan, a decline in revenue from the printing and media wing, as well as other revenue, lower government grants, and a loss on the disposal of units.