The latest update is out from CTRL Group Limited ( (MCTR) ).
CTRL Group Limited announced its unaudited financial results for the first half of fiscal year 2024, ending September 30, 2024. The company experienced a significant decrease in revenue by 25.6% compared to the same period in 2023, primarily due to reduced demand for online advertising services. This decline was attributed to the lingering effects of COVID-19 and a shift in client preferences towards offline media channels. Despite a reduction in costs, the company’s net profit fell by 68.5% due to the overall decrease in business volume and profitability.
More about CTRL Group Limited
CTRL Group Limited is a holding company with no business operations, primarily operating through its subsidiary, CTRL Media Limited. CTRL Media is an integrated marketing and advertising services provider in Hong Kong, specializing in mobile games promotion for the local market. The company serves clients primarily from China, including mobile game developers and affiliates.
YTD Price Performance: 61.82%
Average Trading Volume: 408,914
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