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17/08/2021 17:44

Wise Ally (09918) expects decrease in interim loss

[ET Net News Agency, 17 August 2021] Wise Ally International Holdings Limited (09918)
said the group is expected to record a loss attributable to equity holders of the company
for the six months ended 30 June 2021 of approximately HK$8 million, which represented a
substantial decrease in loss as compared with the loss amounted to HK$22.4 million
attributable to equity holders of the company for the corresponding period in 2020.
The decrease in loss was mainly attributable to the substantial increase in revenue for
the six months ended 30 June 2021 of not less than 40% as compared to the corresponding
period of 2020 due to the gradual recovery of the global economy which resulted in a
significant increase in orders from the major customers of the group, but partially offset
by the impact of global supply chain and logistic disruptions and intensified shortages of
semiconductors and other electronic components during the period. (RC)

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