Smart Globe Sees Revenue Rise Amidst Increased Losses

Smart Globe Holdings Ltd. (HK:1481) has released an update.

Smart Globe Holdings Ltd. reports a 10.6% revenue increase to HK$50.5 million in the first half of 2024, driven by a surge in Hong Kong book orders. Despite higher revenues, the company experienced a slight rise in losses to HK$5.7 million due to a decrease in gross profit, which was partially offset by increased bank interest income and exchange gains. The Board has decided not to issue an interim dividend, mirroring the previous year’s decision.

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