Doumob Reports Increased Loss, No Dividend

Doumob (HK:1917) has released an update.

Doumob, an online marketing service provider, has reported an increased loss of RMB4.1 million in the first half of 2024, up from RMB0.9 million in the same period last year, and has decided not to issue an interim dividend. Despite a downturn in consumer spending and a strategic retreat from the overseas advertising market, the company has seen an improvement in gross profit margin to 39.6%. Total revenue, however, fell by 43.4% compared to the previous year due to cautious consumer behavior and economic challenges in China.

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