Arts Optical International Holdings Ltd. Reports HK$9,950k Loss for H1 2024, Distribution Revenue Up 3% to HK$144.2 Million
Arts Optical International Holdings Ltd. reported a net loss of HK$9.95 million for H1 2024, a significant decline from a profit of HK$5.53 million in H1 2023. The company faced a loss before tax of HK$1.56 million and an income tax expense of HK$8.39 million. Distribution revenue increased by 3% to HK$144.2 million. Cash flow showed net cash used in operating activities of HK$3.07 million and investing activities of HK$40.72 million. No dividends were paid during the period, contrasting with HK$19.31 million in the previous year.
Arts Optical International Holdings Ltd. has released its interim report for the six months ended June 30, 2024. The company reported a loss before tax of HK$1.56 million, in contrast to a profit of HK$11.09 million for the same period in 2023. The income tax expense was recorded at HK$8.39 million, compared to HK$5.56 million in 2023. This resulted in a net loss of HK$9.95 million for the period, compared to a profit of HK$5.53 million in 2023. Other comprehensive income for the period, net of tax, amounted to HK$30.75 million, which includes exchange differences arising from the translation of foreign operations, associates, and joint ventures. As a result, the total comprehensive income for the period was HK$20.80 million, compared to a total comprehensive expense of HK$3.04 million in the previous year. In terms of cash flow, the company reported net cash used in operating activities amounting to HK$3.07 million, compared to HK$28.22 million generated in the same period in 2023. The company also reported net cash used in investing activities at HK$40.72 million, compared to HK$66.24 million in the previous year. There was no cash dividend paid to the owners of the company during the period, in contrast to HK$19.31 million paid in the previous year. No specific outlook or guidance was provided in the interim report. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Arts Optical International Holdings Ltd. published the original content used to generate this news brief on September 15, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
