An update from TOM Group ( (HK:2383) ) is now available.
TOM Group reported a 4.8% decrease in consolidated revenue for 2024, impacted by economic uncertainties and high finance costs, resulting in a loss before net finance costs and taxation of HK$18 million. Despite these challenges, the company’s investment in Ule showed significant improvement, reducing its net loss by 85.9%, while the Publishing Group in Taiwan maintained its market leadership with gross revenue of HK$703 million. The company plans to focus on growth opportunities and maintain financial prudence moving forward.
More about TOM Group
TOM Group operates in the media and technology sectors, focusing on rural e-commerce, fintech, advanced data analytics, and digital publishing. The company has a significant presence in China and Taiwan, with investments in e-commerce through a partnership with China Post and a strong publishing business in Taiwan.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $251.9M
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