Summary by Futu AI
As of the six months ended September 30, 2024, flydoo tech's revenue was approximately 182 million Hong Kong dollars, slightly down from 188.6 million Hong Kong dollars in the same period last year. Gross profit was 31.8 million Hong Kong dollars, a 13.1% decrease year-on-year. The total loss for the period was 0.6 million Hong Kong dollars, a 53.1% decrease from the same period last year. Management pointed out that the decrease in losses was mainly due to reduced sales and administrative expenses, as well as reduced losses from joint ventures. Revenue from tour group business remained stable at around 169.1 million Hong Kong dollars, but gross profit decreased due to inflation and rising oil prices. Income from retail trade and other divisions increased to 10.9 million Hong Kong dollars, with gross profit turning from a loss to a profit of 1.6 million Hong Kong dollars. In the future, management will continue to focus on digital marketing and media advertising to enhance brand awareness, and plans to diversify business in other industries.
