Arts Optical International Holdings Ltd. Reports HK$9,950k Loss for H1 2024, Distribution Revenue Up 3% to HK$144.2 Million
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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.
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