Zhitong Financial APP News, Asia potential backup (08290) released interim results for the six months ended June 30, 2023. The group achieved HK $21.156 million during the period, down 7.85% from the same period last year. The profit attributable to shareholders was HK $2.057 million, compared with a loss of HK $1.085 million in the same period last year.
According to the announcement, the decrease in revenue is mainly due to the decrease in revenue from the group's online backup business affected by the following factors: slow recovery of business demand due to the overall weakness of the global economy; changes in customer types due to reduced bulk procurement; and fierce competition in the global online backup software market, which is partly offset by increased revenue caused by increased orders for information platforms from the Group.
