Heavier impairment on crypto assets to drag OIO into a heavier loss for 1HFY2022

OIO Holdings expects to report a heavier y-o-y loss for its 1HFY2022 ended June, as it had to book more impairment on the value of its crypto assets, amid a wider crash of this market.

For the six months ended June 30 2021, the company reported a loss of $638,632.