Growth Enterprise Market-listed Henderson Cyber reported a loss of HK$12.02 million between January 10 and June 30 because it had minimal income during the start-up stage.
The company, a joint venture between Henderson Investment and its associate Hong Kong & China Gas, was incorporated on January 10.
Its first-half losses came mainly from a combined HK$9.27 million administrative and operating expenses plus HK$3.02 million from selling and distribution costs. The losses were partly offset by minority interest income of HK$173,000.
Losses per share were HK$5.55 and no final dividend was struck.
Due to a restructuring on June 28, the company provided pro forma profit and loss account from a year previously, taking into account companies incorporated into the group during the restructuring. On this basis, the unaudited loss would widen to HK$17.6 million in the year to June 30 from HK$114,000 a year earlier. Losses per share were 14 HK cents against 0.1 HK cent previously.
Accumulated losses carried forward were HK$17.74 million. Net proceeds of about HK$893 million from its float, apart from a small amount used for the implementation and support of the group's business plans and operations, are mainly in bank deposits.
