Maxnerva Reports Revenue Decline and Net Loss

Maxnerva Technology Services Limited (HK:1037) has released an update.

Maxnerva Technology Services Limited reported a significant revenue decline of 26.8% to RMB258.9 million, and a net loss of RMB 16.2 million for the first half of 2024, as opposed to the net profit of RMB 5.7 million in the same period last year. The loss is primarily attributed to a decrease in the fair value of a key investment; however, an adjusted net profit calculation aligns with the prior year’s profit when this is excluded. Additionally, no interim dividend will be paid for this period.

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