TOM Group issues reports on revenue, gross profit

TOM Group Ltd, a Hong Kong-listed technology and media company, reported on Thursday total revenue of HK$803 million ($102.3 million) in 2022, with gross profit margin reaching 42 percent.

Revenue from technology platforms and investments amounted to HK$47 million last year, while revenue from media business stood at HK$784 million. Profit attributable to shareholders came up at HK$142 million during this period.

In 2022, TOM Group continued to focus on high growth potential sectors such as e-commerce in rural areas, new retail, fintech and advanced data analytics, and stepped up its effort to drive digital growth for its publishing business.

Looking forward, the company will continue to selectively pursue growth opportunities while maintaining stable performance.

It will also maintain a prudent financial profile by closely monitoring operating and capital expenses and investments, and implementing disciplined cash flow and operational capital management.