Grown Up Group Investment Holdings (HKG:1842) expects an increase of HK$3.4 million in its net loss for the six months ended June 30, as compared to the loss of HK$2.7 million recorded in the corresponding period last year, a Friday filing with the Hong Kong Exchange said.
The company attributed the increase in loss to a decrease in average gross margins and a loss in the fair value of investments in the listed securities during the period against a gain for the same period last year.
The company's shares were down over 10% on Monday's close.
Price (HKD): $0.07, Change: $-0.01, Percent Change: -10.26%
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