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AM Group Holdings Limited ( (HK:1849) ) has provided an announcement.
AM Group Holdings reported interim revenue of S$13.1 million for the six months ended 31 December 2024, down 13.5% year on year, as the deconsolidation of its online e-commerce platform weighed on the top line. Gross profit edged up 2% to S$3.8 million, supported by a stronger margin in search engine marketing services, where profitability improved markedly alongside a 12.4% rise in segment revenue.
The group narrowed its loss to S$40,000, a 74.3% improvement from the prior-year period, helped by higher-margin marketing operations and lower operating expenses following the removal of the e-commerce unit. However, reduced reversals of impairment losses, lower other income and higher tax expenses partially offset these gains, and the board opted not to declare an interim dividend, signaling a continued focus on preserving capital amid a challenging revenue environment.
More about AM Group Holdings Limited
AM Group Holdings Limited, listed in Hong Kong and incorporated in the Cayman Islands, operates in the digital marketing sector, providing services such as search engine marketing and related online solutions. The group has also been involved in online e-commerce platforms, though these operations have recently been deconsolidated from its financial results.
Technical Sentiment Signal: Sell
Current Market Cap: HK$40M
Find detailed analytics on 1849 stock on TipRanks’ Stock Analysis page.