Jiyi Holdings Reports Substantial Mid-Year Loss

Jiyi Holdings Limited (HK:1495) has released an update.

Jiyi Holdings Limited has reported a disappointing interim result for the first half of 2024, with a significant loss before tax of RMB 92.24 million compared to a marginal profit in the same period last year. The loss was primarily due to substantial recognition of impairment losses under the expected credit loss model and increased administrative and finance costs. This contrasts sharply with the modest total comprehensive income the company had in the prior year.

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