LOCO HK (08162) released its performance for the first three quarters, with a shareholder's attributable loss of HKD 544,000, narrowing by 97.49% year-on-year.

LOCO HK (08162) released its performance for the first three quarters ended September 30, 2023. The total revenue was HKD 3.779 billion, representing a year-on-year growth of 17,007.72%. The attributable loss to owners of the company was HKD 540,000, narrowing by 97.49%. The loss per share was HKD 0.07 cents. It is reported that the reduction of loss during the reporting period was mainly due to an increase in total revenue of approximately HKD 3.758 billion, recognition of a book value of sold inventory of about HKD 3.754 billion, a share of losses in joint ventures of approximately HKD 1.5 million, a decrease in employee costs of about HKD 2.6 million, and a decrease in other operating expenses of approximately HKD 3.8 million.