Imagi International Holdings Faces Net Loss

Imagi International Holdings (DE:BOI7) has released an update.

Imagi International Holdings reported a significant shift in their financial performance, with a net loss of HK$11,276,000 for the six months ending June 30, 2024, compared to a profit of HK$4,941,000 in the same period last year. The company experienced a decrease in total revenue and faced substantial impairment losses and unrealized losses from financial assets. These results indicate a challenging period for the company, with increased costs and decreased income across several streams such as interest income, asset management fees, and brokerage commissions.

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