Technovator Reports Increased Mid-Year Losses

Technovator International (HK:1206) has released an update.

Technovator International Limited reported a significant increase in its loss for the period ending June 30, 2024, with losses surging from RMB 13,925,000 in the first half of 2023 to RMB 71,909,000 in the same period in 2024. The company’s revenue dipped from RMB 561,965,000 to RMB 512,572,000, while losses per share also increased substantially. This financial downturn is detailed in their unaudited interim financial results, which have been reviewed by both the audit committee and the external auditor.

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