Mo Ji Kwai Chung (01716.HK) announced that as of the year-end of March 31, 2024, Group revenue increased by about 39% year-on-year to an annual total of approximately HKD 55.2 million. The increase was mainly due to the increase in revenue from the digital media service segment. Net loss of HKD 9.3 million, basic loss per share of HKD 3.41, and the board of directors does not recommend paying dividends at the end of this year (2023: zero Hong Kong dollars).
The group competes with other multinational media service participants and a large number of small and medium-sized companies in Hong Kong's online advertising industry in terms of brand awareness, service quality, sales and marketing efficiency, creative design and content, price, strategic relationships with customers and suppliers, and talent retention. In view of the challenging market environment, the Group is committed to delivering promised services that are closely aligned with rapidly changing technology to ensure sustainable competitiveness.
