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Optimistic Investors Push TOM Group Limited (HKG:2383) Shares Up 27% But Growth Is Lacking
TOM GROUP: Interim Report 2024
TOM Group Books Wider Losses in H1
In the first half of the year, tom group (02383.HK) saw a decrease of 9.6% in comprehensive revenue to HKD 0.342 billion and a net loss of HKD 0.145 billion.
On August 5th, Guolonghui reported that Tom Group (02383.HK) announced its interim results. For the six months ended June 30, 2024, the group's comprehensive income decreased by 9.6% to HKD 0.342 billion. The total income from the media business and technology platforms and investments of the group amounted to HKD 0.332 billion and HKD 10 million respectively. The total gross profit was HKD 0.137 billion, while the gross profit margin remained at 40.2%. During the period, due to the increase in financing costs and unfavorable exchange rates, the group's shareholders suffered a loss of HKD 0.145 billion. Excluding the recall of Youle in the first half of 2023.
Express News | Tom Group Ltd - Hy Underlying Loss Attributable HK$145 Mln
Express News | Tom Group H1 Gross Margin 40.2%
TOM Group Limited's (HKG:2383) Business Is Yet to Catch Up With Its Share Price
