Hang Feng management commentary cites consulting revenue drop, higher costs as six-month net loss reaches US$553,033 to June 30, 2026 - FOFO News | Rallies
Hang Feng management commentary cites consulting revenue drop, higher costs as six-month net loss reaches US$553,033 to June 30, 2026 F FOFO • 2026-09-04 Six-month results to June 30, 2026
Management commentary for the six months ended June 30, 2026 cited a sharp revenue drop to US$362,511 from US$1.33 million .
Consulting revenue fell 51.5% to US$362,511 , tied to reduced marketing and resource reallocation toward RWA development.
Asset management revenue fell to zero from US$251,666 following the termination of the Global Innovation SP portfolio on Oct. 31, 2025.
Operating expenses rose 59.9% to US$1.36 million , led by higher staff costs and professional fees.
Net loss was US$553,033 versus net income of US$363,524 , despite US$329,755 of loan interest income from lending idle funds.
•
2026-09-04
FOFO•
