Summary by Moomoo AI
For the six months ended 30 September 2024, Guomao Holdings revenue increased to approximately HK$12 million, up from HK$1.9 million. However, the loss over the period widened to approximately HK$9 million, mainly due to an increase of approximately HK$2.2 million to HK$6.2 million in administrative expenses. Gross margin decreased slightly to 63.4%.Management noted that despite the gradual recovery of the global economy, there is still uncertainty in the market. The company has sold its food processing business, focused on restaurant operations, and opened a new Chinese restaurant in Causeway Bay to increase market competitiveness. In the future, the company will continue to optimize restaurant operations and control manpower and food costs.Looking ahead, Guomao Holdings will strive to provide diverse dining options to enhance the dining experience for customers. The company plans to further expand its catering business and actively seek market opportunities. Management emphasizes continuous improvement of operational efficiency to meet market challenges.