Summary by Futu AI
pak tak int'l released its interim report on June 30, 2024, showing that its main business includes supply chain business, hotel management and dining services, property investment, and other businesses. During the reporting period, revenue from the supply chain business significantly increased to 0.328 billion Hong Kong dollars, mainly due to improved market conditions in China and consumer recovery. Revenue from hotel management and dining services decreased by 19.8% to 49.2 million Hong Kong dollars. Total revenue increased by 376.1% compared to the same period last year, reaching 0.3785 billion Hong Kong dollars. The group recorded a net loss of approximately 36.8 million Hong Kong dollars during the period and had no significant events after the reporting period. In addition, the company is acquiring a company engaged in the production and sale of iron ore and iron concentrates to diversify its sources of income. The board of directors does not recommend distributing any interim dividends. Mr. Liao Nangang, a shareholder of the company, indirectly holds 20.94% of the shares through his wholly-owned company, sakae holdings limited.
