XINKONG INT CAP released its interim results, with a loss attributable to shareholders of HKD 498 million, an increase of 766.7% year-on-year
XINKONG INT CAP released its interim results for the period ending June 30, 2025, reporting revenue of HKD 17.685 million, a year-on-year decrease of 63.68%. The loss attributable to equity holders of the company was HKD 498 million, an increase of 766.7% year-on-year, with a basic loss per share of HKD 0.057. The increase in net loss was mainly due to a significant decline in the expected recoverable value of a loan, resulting in a large impairment provision
According to the Zhitong Finance APP, XINKONG INT CAP (00993) released its interim results for the six months ending June 30, 2025, reporting revenue of HKD 17.685 million, a year-on-year decrease of 63.68%; the loss attributable to equity holders of the company was HKD 498 million, an increase of 766.7% year-on-year; basic loss per share was HKD 0.057.
The announcement stated that the increase in net loss during this period was mainly due to a significant decline in the expected recoverable value of a loan as of June 30, 2025, compared to December 31, 2024, resulting in a large amount of impairment provision being recognized during this period; the financial assets measured at fair value through profit or loss incurred a net loss during this period
