SEEC Media Group Reports Increased Losses

SEEC Media Group Limited (HK:0205) has released an update.

SEEC Media Group Limited reported a loss for the six months ended 30 June 2024, with revenue dropping from HK$21,828,000 to HK$15,331,000 compared to the same period in 2023, and a significant increase in the loss from HK$8,958,000 to HK$25,701,000. The company also experienced a total comprehensive expense for the period of HK$41,367,000, a sharp decline in financial position. These interim results highlight challenges for the company amid a tough economic environment.

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