According to the Zhitong Finance App News, Huitao Group (08238) announced its interim results for the six months ended June 30, 2023. The group achieved earnings of HK$10.877 million during the period, a decrease of 43.94%; shareholders should have accounted for a loss of HK$13.478 million; shareholders should have accounted for a profit of HK$5.613 million for the same period last year, with profit and loss of HK$5.613 million over the previous year; a basic loss of HK2.37 cents per share.
According to the announcement, the decline in revenue was mainly due to the decline in demand for advertising business in the Macau market due to publications and advertising business and exhibitions and related services.