Summary by Moomoo AI
LEGENDARY EDU announced its interim results for the six months ended September 30, 2024. During the period, revenue grew by 14.7% to 0.152 billion HKD, driven mainly by strong performances in Financial Literacy and Investment Education Business, and Private Supplementary Education Business. Revenue from Financial Literacy and Investment Education Business increased by 12.5% to 0.111 billion HKD, while revenue from Private Supplementary Education Business grew by 22.3% to 38.9 million HKD.Profit for the period rose to 21.8 million HKD. Selling and administrative expenses increased by 28.3% to 64.9 million HKD, primarily due to higher employee stock option expenses and marketing costs. As of September 30, 2024, the Group's bank balance and cash amounted to 80.5 million HKD, with total borrowings of 19.4 million HKD, and a debt-to-asset ratio of 5.0%.The Group...Show More
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