CLASSIFIED GP announced its interim performance, with a year-on-year decrease of 46% in shareholders' loss, amounting to HKD 1.6 million.

Zhitong
2023.08.14 00:11
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According to the Earnings Report released by CLASSIFIED GP, the company's total revenue for the first half of 2023 was approximately HKD 18.1 million, representing a decrease of approximately 12.1% compared to the same period last year. The attributable loss to shareholders was approximately HKD 1.6 million, a decrease of 46% YoY. The loss per share was HKD 0.37. The announcement stated that the main reasons for the decrease in attributable loss to shareholders were the closure of two loss-making Classified restaurants due to the expiration of their leases, better cost and expense control, and a net increase in revenue from existing restaurants despite the reduction in government subsidies and rental concessions related to the 2019 coronavirus.