The Zhitong Finance App learned that Huitao Group (08238) rose more than 20%. As of press release, it rose 19.05% to HK$0.12, with a turnover of HK$5.45 million.
According to the news, Huitao Group recently announced its interim results for the six months ended June 30, 2023. The group achieved revenue of HK$108.77 million during the period, a year-on-year decrease of 43.94%; loss due to shareholders was HK$134.78 million, profit attributable to shareholders was HK$5.613 million for the same period last year, with profit to loss of HK$5.613 million over the same period last year, with profit to loss of HK$2.37 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.