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秀商时代控股(01849.HK)：中期亏损为20万新加坡元

Xiushang Times Holdings (01849.HK): Medium-term loss of SGD 200,000

Gelonghui Finance ·  Feb 28 03:36

Gelonghui, Feb. 28 | Xiushang Times Holdings (01849.HK) announced that for the six months ended December 31, 2023, the Group's revenue for the reporting period was SGD 15.1 million, a decrease of 36.3% over the same period last year. Gross profit for the reporting period was SGD 3.7 million, down 44.4% from the same period last year. The loss for the reporting period was SGD 200,000, a decrease of 107.6% compared to the same period last year. The loss reduction was mainly due to the following reasons: 1. Revenue from online platform management services decreased from about SGD 11.5 million to about SGD 3.1 million, while revenue from creative and technical services decreased from about SGD 2.4 million to SGD 1.2 million; 2. Gross margin fell from about 28% to about 25%.

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