MOST KWAI CHUNG announced its interim results for the six months ended September 30, 2024. During this period, revenue was approximately 44.62 million Hong Kong dollars, a year-on-year increase of 41.6%; gross profit was approximately 20.39 million Hong Kong dollars, a year-on-year increase of 77.4%; net profit was approximately 4.68 million Hong Kong dollars, compared to a loss of 1.95 million Hong Kong dollars in the same period last year. The revenue growth was mainly driven by an increase in the number of clients and marketing expenditures in the digital media services segment, as well as increased revenue from planned events in other media services. Revenue from digital media services grew by 14.8% to 35.75 million Hong Kong dollars, turning a loss into a profit with...Show More

MOST KWAI CHUNG announced its interim results for the six months ended September 30, 2024. During this period, revenue was approximately 44.62 million Hong Kong dollars, a year-on-year increase of 41.6%; gross profit was approximately 20.39 million Hong Kong dollars, a year-on-year increase of 77.4%; net profit was approximately 4.68 million Hong Kong dollars, compared to a loss of 1.95 million Hong Kong dollars in the same period last year. The revenue growth was mainly driven by an increase in the number of clients and marketing expenditures in the digital media services segment, as well as increased revenue from planned events in other media services. Revenue from digital media services grew by 14.8% to 35.75 million Hong Kong dollars, turning a loss into a profit with a segment profit of 1.4 million Hong Kong dollars. Revenue from other media services soared to 12.31 million Hong Kong dollars, with segment profit rising to 2.53 million Hong Kong dollars, mainly benefiting from increased consulting income and revenue from planned events. Revenue from printing media services declined, with segment loss narrowing to 0.5 million Hong Kong dollars. The company's cash and cash equivalents are approximately 43.98 million Hong Kong dollars, indicating a strong financial position. Management stated that they will continue to commit to the digital media services segment to seize opportunities brought by market digitalization. The company completed the acquisition of a 31% stake in To Be Honest during the period, expanding its business footprint in the advertising and media market. The Board of Directors resolved not to distribute an interim dividend.