AV Promotions Holdings Ltd. Reports 12.6% Drop in Revenue to HK$57.3 Million for H1 2025, Gross Profit Falls Slightly
Reuters
Sep 12
AV Promotions Holdings Ltd. Reports 12.6% Drop in Revenue to HK$57.3 Million for H1 2025, Gross Profit Falls Slightly
AV Promotions Holdings Ltd. has released its unaudited condensed consolidated results for the six months ended June 30, 2025. The company reported revenue from services of HK$57.331 million, down from HK$65.590 million for the same period in 2024. Gross profit for the current period stood at HK$16.120 million, a decrease from HK$17.598 million in the previous year. The interim report also noted other income of HK$26,000 compared to HK$141,000 in 2024. The net other losses increased to HK$361,000 from HK$227,000 the previous year. Selling expenses decreased to HK$2.316 million from HK$2.790 million, while administrative expenses were reduced to HK$10.769 million from HK$11.680 million. The board of directors has decided not to recommend the payment of any interim dividend for the six months ended June 30, 2025, consistent with the same period in 2024. No outlook or future guidance was provided in the report.
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