TOM GROUP reported a loss of 256 million last year and will not distribute dividends

TOM GROUP (2383) announced its performance for last year, with a shareholder loss expanding to HKD 256 million due to rising financing costs and a lack of impairment reversals, and no final dividend was declared. Total revenue decreased by 4.8% to HKD 747 million, affected by economic and geopolitical uncertainties, a strong US dollar, persistent inflation, and high interest rates. The loss of the mainland postal service narrowed to HKD 11 million, while Taiwan's Citylink Publishing Group recorded a profit of HKD 60 million, and the social media platform Pixnet reported a loss of HKD 13 million. The group's net debt reached HKD 1.663 billion, an increase of 28.92% year-on-year