Summary by Moomoo AI
For the year ended 30 September 2024, the Group announced its 2024/25 Interim Results with revenues of approximately HK$0.249 billion, up 22.7% year-on-year. However, the net loss widened to approximately HK$18.13 million, an increase from the HK$11.68 million loss in the same period last year. Loss per share was HK$3.66 cents compared to HK$2.20 in the same period last year.Management noted that revenue growth came primarily from the expansion of core businesses and increased market demand. However, due to rising costs and increased market competition, the gross margin decreased, which affected overall profitability. The company is taking steps to optimize its cost structure and strengthen marketing to increase competitiveness.Looking ahead, the Group said it would continue to focus on growth in its core business and explore new market opportunities. Recognizing the risks of market volatility and economic uncertainty, the Company will continuously monitor market dynamics and adjust strategies to meet challenges.
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