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世界华文媒体(00685)发布一季度业绩 股东应占亏损84.1万美元 同比收窄69.17%

Media Chinese (00685) released its first quarter results, with a shareholder's loss of 0.841 million US dollars, a year-on-year narrowing of 69.17%.

Zhitong Finance ·  Aug 29, 2024 05:17

Media Chinese (00685) released its financial report for the first quarter ending June 30, 2024. During this period, the group...

According to the financial report for the first quarter ending June 30, 2024, Media Chinese (00685) achieved a revenue of 43.341 million USD, an increase of 19.35% year-on-year. Shareholders' loss decreased by 0.841 million USD, a year-on-year narrowing of 69.17%, with a basic loss per share of 0.05 USD.

The announcement stated that the increase in revenue was mainly attributed to the growth of the tourism division.

Benefiting from the steady recovery of aviation capacity and the implementation of visa-exempt policies by multiple countries, the performance of the tourism division continued to improve in the review quarter. In addition, the luxurious mainland China travel groups launched by the group, led by the top management of this division, have received encouraging responses and opened up new markets. The revenue of the tourism division increased by 88.9%, from 9.553 million USD in the previous year to 18.049 million USD in this quarter. This growth was mainly driven by outbound travel groups from China Hong Kong to mainland China, targeting customers who value a high-quality lifestyle and extraordinary vacation experiences. The revenue growth of the division increased its pre-tax profit from 0.354 million USD in the same quarter of the previous year to 1.162 million USD, an increase of 228.2%.

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