Summary by Moomoo AI
ALCO HOLDINGS announced its interim results for the six months ended September 30, 2024. During this period, the operating revenue decreased by 42% to 49.69 million HKD, primarily affected by the slowdown in the domestic economy and intense competition in the electronics market. The gross margin increased from 5% in the same period last year to 9%, mainly due to the transition to a more cost-effective OEM/ODM production model. The net loss for the period was 24.31 million HKD, compared to a net profit of 0.572 billion HKD in the same period last year.The group stated that excluding the one-time gain of approximately 0.613 billion HKD from the cancellation of the comprehensive accounting subsidiary in the same period last year, the net loss for this...Show More
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