Pan Asia Data Holdings Reports Substantial Loss

Pan Asia Data Holdings, Inc. (HK:1561) has released an update.

Pan Asia Data Holdings Inc. reports a significant loss for the six months ending June 30, 2024, with unaudited condensed consolidated financials showing a loss of HK$359,970,000 compared to a marginal profit in the same period the previous year. The company has faced substantial impairment losses on intangible assets and under the expected credit loss model, leading to a considerable negative impact on their financial performance. The overall total comprehensive expense for the period stands at HK$357,464,000, marking a challenging fiscal semester for the firm.

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