Zhuoyue Holdings (00653) announced interim results. Profit of HK$127,000 decreased by 99.74% year-on-year

Zhitongcaijing · 08/30 15:49

According to the Zhitong Finance App, Zhuoyue Holdings (00653) announced interim results for the six months ended June 30, 2024. The group achieved a turnover of HK$556.97 million during the period, a year-on-year decrease of 21.78%; profit for the period was HK$127,000, a decrease of 99.74% year-on-year.

The three-year Covid-19 border lockdown has changed people's spending habits because they now prefer to shop online rather than go abroad to buy foreign products, the announcement said. Hong Kong Cat, the group's cross-border e-commerce platform, is ready to welcome the advent of a “new normal”. However, the pace of recovery in 2024 was slow and gradual. As a result, overall revenue declined during the period.