BC Technology Group released its semi-annual performance, with the net digital asset revenue from OSL's wholesale brokerage business amounting to HKD 28.5 million

ChainCatcher news, Hong Kong digital asset platform OSL's parent company BC Technology Group (00863) announced its performance for the six months ended June 30, 2023, with revenue of HKD 126 million, a year-on-year increase of 346.6%; the loss attributable to shareholders narrowed to HKD 94.952 million, a year-on-year decrease of 69%; basic loss per share was HKD 0.22.

It is reported that the main reasons for the increase in revenue during the period were the net gain of HKD 28.5 million from digital asset revenues used to promote OSL's institutional brokerage business (net loss of HKD 92.2 million in the first half of 2022) and the net gain of HKD 9.6 million from the fair value of digital assets (net fair value loss of HKD 7.1 million in the first half of 2022), both of which are considered part of the group's main business income/loss from trading.