Value Convergence Expects Narrowed Losses

Value Convergence Holdings Limited (HK:0821) has released an update.

Value Convergence Holdings Limited has issued a profit warning, anticipating a consolidated loss of HK$63 million to HK$68 million for the first half of 2024, an improvement from the HK$134 million loss in the same period of the previous year. The reduced loss is attributed to a decrease in losses from financial assets, lower impairment losses on receivables, and reduced staff costs. Investors are cautioned to await the final interim results due by end of August 2024 before making any decisions.

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