Gameone (08282) released its performance for the six months ending on June 30, 2024, with revenue of 20.046 million Hong Kong dollars, a year-on-year decrease of 74.09%. The company's owners' share of profits was 0.342 million Hong Kong dollars, compared to a loss of 9.861 million Hong Kong dollars in the same period last year. Earnings per share were 0.41 Hong Kong cents.
According to the announcement, the main reason for the profit in this period is that the group's overall gross margin increased from about 20.2% in the same period last year to about 37.5%, with the software service business gross margin increasing from about 20% in the same period last year to about 38.7%. This is mainly due to the decrease in employee costs and administrative expenses during this period.
