Summary by Moomoo AI
Tianxi Yao 11 Limited (formerly known as balk 1798 group) announced in its mid-year report for 2024 that as of the six months ended June 30, 2024, the group's income was approximately 160.0 million Hong Kong dollars, a decrease of 84.3% from the previous year's 101.7 million Hong Kong dollars during the same period. This decrease is mainly due to the economic downturn caused by the COVID-19 pandemic, which has affected the revenue of the private jet management and yacht business. The group has taken reform measures, including cost control and market promotion, to enhance competitiveness and seek growth opportunities. The loss for the period is approximately 241 million Hong Kong dollars, with a basic loss per share of approximately 5.51 Hong Kong cents. In addition, the...Show More