Apollo Future Mobility Group’s Losses Deepen

Apollo Future Mobility Group Limited (HK:0860) has released an update.

Apollo Future Mobility Group Limited reported a significant increase in its loss for the six months ending on June 30, 2024, with unaudited results showing a loss of HK$347,895,000 compared to HK$82,438,000 in the same period last year. Despite an increase in other income, the company faced substantial net losses and increased cost of sales, impacting the overall financial performance. The loss per share has also steeply risen, reflecting the company’s current financial challenges.

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