APOLLO Travel (00860) announced its annual results for the year ended December 31, 2023, and the group achieved...
According to the Zhitong Finance App, APOLLO Travel (00860) announced results for the year ended December 31, 2023. The group obtained revenue of HK$279 million, and losses attributable to the owners of the company were HK$861 million, with a basic loss of HK$179 per share.
The decline in revenue in the Mobility Services segment during the year was mainly due to the next generation of top-tier supercars still under development, reduced authorized revenue and sales and distribution of vehicles, and the strategic sale of a number of subsidiaries during the year. The decline in sales of jewelry products, watches and other products is due to negative sentiment in the Chinese market. The decline in revenue from loan financing was mainly due to the continued reduction in the scale of non-core established businesses this year.