On August 5th, Golonghui reported TOM Group's (02383.HK) interim results. For the six months ended June 30, 2024, the group's comprehensive revenue decreased by 9.6% to HKD 0.342 billion. The total revenue from the group's media business, technology platform, and investments was HKD 0.332 billion and HKD 10 million, respectively. The total gross profit was HKD 0.137 billion, and the gross margin remained at the level of 40.2%.

During the period, due to the increase in financing costs and unfavorable exchange rates affecting profitability, the group's shareholders' share of the loss was HKD 0.145 billion. Excluding a one-time impact of the reversal of impairment losses related to Youle in the first half of 2023, amounting to about HKD 14 million. The loss before net financing costs and taxes increased from HKD 16 million in the first half of 2023 to HKD 27 million.

Looking forward to the future, the management will continue to focus on selectively seeking growth opportunities and maintaining stable business performance. The group will also maintain a cautious financial situation by closely monitoring operations, capital expenditures, and investments, and implementing rigorous cash flow and working capital management.