MACAU E&M announced its 2024 performance, with a net loss of 2.49 million Macanese Patacas, a year-on-year narrowing of 33.76%
MACAU E&M announced its 2024 performance, with revenue of MOP 92.052 million, a year-on-year decrease of 28.24%; net loss of MOP 2.49 million, a year-on-year narrowing of 33.76%. The decrease in revenue was mainly due to lower contract amounts for awarded projects. The narrowing of net loss indicates that the group has made progress in managing costs and improving operational efficiency, implementing strategic measures to enhance cost-effectiveness, and driving a year-on-year increase in gross margin of 2.0 percentage points
According to the Zhitong Finance APP, MACAU E&M (01408) announced its 2024 performance, with revenue of MOP 92.052 million, a year-on-year decrease of 28.24%; a net loss of MOP 2.49 million, a year-on-year narrowing of 33.76%; and a loss per share of 0.5 MOP cents.
The announcement stated that the decrease in revenue was mainly attributed to a lower contract amount for awarded projects this year compared to the fiscal year 2023.
The narrowing of the net loss indicates that the group has made progress in managing costs and improving operational efficiency. During this year, the group implemented strategic measures to streamline internal operations to enhance cost-effectiveness. By optimizing resource allocation, reducing unnecessary expenses, and improving project execution, the group was able to lower operational costs and deliver several projects more effectively. These measures not only enhanced the group's ability to respond to market challenges but also drove a year-on-year increase of 2.0 percentage points in gross profit margin
