APOLLO Travel (00860) released its interim performance for the six months ending June 30, 2024. During this period, the group...
According to the announcement, APOLLO Travel (00860) released its interim performance for the six months ending June 30, 2024. During this period, the group achieved revenue of 0.126 billion Hong Kong dollars, a decrease of 1.05% compared to the same period last year. Shareholders' attributable loss was 0.343 billion Hong Kong dollars, a year-on-year increase of 343.44%. The basic loss per share was 50.14 Hong Kong cents.
The announcement stated that during this period, the group's gross profit was approximately 12.3 million Hong Kong dollars, compared to approximately 21.8 million Hong Kong dollars in the previous interim period. The gross margin for this period decreased to about 9.8% (compared to 17.1% for the same period in 2023), mainly due to a decrease in interest income from high-margin loan financing.