1957 & CO. (08495) expects a net loss of about HK$1 million for the first half of the year

Zhitong Finance App News, 1957 & CO. (08495) announced that the Group expects to make a net loss of approximately HK$1 million for the six months ending June 30, 2026, and a net loss of approximately HK$2.6 million for the same period in 2025. The Board believes that the expected net loss reduction during the reporting period is mainly due to an increase in the Group's other net revenue, mainly including (i) the cancellation of the deposit of HK$2.65 million held by the Group in accordance with the settlement agreement relating to the proposed transfer of the Cha Takumi brand restaurant business in Causeway Bay; and (ii) a government subsidy of approximately HK$235,000 confirmed under the Technology Voucher Scheme approved by the Innovation and Technology Commission for the six months ended June 30, 2026.