Summary by Moomoo AI
The Technology Group announced its interim results for the six months ended September 30, 2023. During the period, the group's revenue decreased by 39% year-on-year to 0.22 billion HKD; gross profit dropped by 44% to 21.53 million HKD; a net loss of 18.22 million HKD was recorded, compared to a profit of 1.37 million HKD in the same period last year. The basic loss per share was 2.92 HK cents.The decline in performance was mainly due to a significant drop of 59% in revenue from the Technology infrastructure solutions business to 88.86 million HKD, as well as a 15% decrease in revenue from Technology management services to 98.14 million HKD. The gross margin fell from 10.7% to 9.8%. The group pointed out that the decline in revenue was primarily due to...Show More
