Walnut Capital Limited (HK:0905) has released an update.
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Walnut Capital Limited reported a significant year-over-year increase in its loss for the first half of 2024, with the unaudited condensed consolidated financial results showing a loss of HK$18,650,000 compared to HK$10,931,000 in the same period of 2023. The increase in loss was primarily due to a larger loss arising on the change in fair value of financial assets, as well as higher administrative expenses. Despite the losses, the company’s financial assets saw a fair value increase, and there was a notable rise in cash and cash equivalents.
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