Zhitong Financial App News, Guoen Holdings (08121) announced results for the first quarter of the three months ended June 30, 2023, with revenue of HK $30.334 million, an increase of about 6.93% over the same period last year, and a net loss of HK $34000, down 98.8% from the same period last year.
The increase in total revenue was mainly due to increased revenue from creative and technology services, partly offset by reduced revenue from social media management services and digital advertising services, the announcement said. The decrease in loss was mainly due to increased revenue from the provision of creative and technology services; the continued implementation of expenditure control policies resulting in reduced staff costs arising from administrative expenses; and reduced marketing-related expenses arising from sales expenses.