AMTD Digital Inc. reported financial results for the six-month transition period ended October 31, 2023. Revenue decreased to $8.7 million from $13.9 million in the same period last year, primarily due to a decline in digital solutions services income. However, profit increased to $30.8 million from $10.7 million, driven by gains from disposal of subsidiaries and changes in fair value of financial assets.The company's digital solutions services segment saw a significant revenue drop, while the newly acquired hotel operations segment contributed $6.9 million in revenue. Other income increased to $9.0 million, mainly from higher interest income. Operating expenses rose, particularly in premises, depreciation, and finance costs related to the hotel business.AMTD Digital ended the period with $134.8 million in cash and cash equivalents. The company continues to focus on generating long-term value from its global intellectual property acquisitions and reengineering business partnerships, though noting these efforts will take time to realize returns.

AMTD Digital Inc. reported financial results for the six-month transition period ended October 31, 2023. Revenue decreased to $8.7 million from $13.9 million in the same period last year, primarily due to a decline in digital solutions services income. However, profit increased to $30.8 million from $10.7 million, driven by gains from disposal of subsidiaries and changes in fair value of financial assets.The company's digital solutions services segment saw a significant revenue drop, while the newly acquired hotel operations segment contributed $6.9 million in revenue. Other income increased to $9.0 million, mainly from higher interest income. Operating expenses rose, particularly in premises, depreciation, and finance costs related to the hotel business.AMTD Digital ended the period with $134.8 million in cash and cash equivalents. The company continues to focus on generating long-term value from its global intellectual property acquisitions and reengineering business partnerships, though noting these efforts will take time to realize returns.