Summary by Futu AI
Blue Moon Group ("the Company") announced the interim business performance for the six months ending on June 30, 2024, showing a 40.9% increase in revenue compared to the same period last year, reaching approximately 3,131.2 million Hong Kong dollars. The gross margin also increased from 55.2% last year to 58.7%. However, the company incurred significant losses during the period, with the company's equity holders' share of the losses increasing significantly to approximately 663.7 million Hong Kong dollars and 698.4 million Hong Kong dollars, resulting in a loss per share of 12.00 Hong Kong cents. The business operation losses of the company are mainly due to increased sales and distribution expenses, especially in promoting new products and developing new e-commerce channels. The Board of Directors approved the publication...Show More