tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

ZO Future Group Reports Increased Revenue but Faces Operational Losses in Interim Results

Story Highlights
  • ZO Future Group reported increased revenue but faced significant operational losses.
  • The company experienced a total comprehensive expense of HK$198,101,000, highlighting financial challenges.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ZO Future Group Reports Increased Revenue but Faces Operational Losses in Interim Results

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An announcement from Birmingham Sports Holdings Limited ( (HK:2309) ) is now available.

ZO Future Group, a company incorporated in the Cayman Islands, has announced its interim results for the six months ending December 31, 2024. The company reported a significant increase in revenue to HK$172,647,000 from HK$144,331,000 in the same period the previous year. However, the company also experienced a substantial loss from operations amounting to HK$180,108,000, compared to a loss of HK$115,026,000 in the previous year. The total comprehensive expense for the period was HK$198,101,000, with losses attributable to both the owners of the company and non-controlling interests. The financial results indicate challenges in managing operating expenses and highlight the impact of exchange differences on the company’s financial statements.

More about Birmingham Sports Holdings Limited

YTD Price Performance: 5.06%

Average Trading Volume: 2,696,710

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$2.03B

See more data about 2309 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1