i-Control Holdings Reports Significant Loss Amid Revenue Drop

i-Control Holdings Limited (HK:1402) has released an update.

i-Control Holdings Limited reported a significant loss of HK$17.08 million for the six months ended September 2024, compared to a loss of HK$3.02 million in the same period last year. The company’s revenue decreased to HK$63.14 million from HK$69.80 million, with increased operating expenses and a notable impairment loss on a loan to an investee contributing to the downturn. These results reflect the challenges faced by the company in navigating the current economic conditions.

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