GUOEN HOLDINGS (08121) releases its interim results, with a net profit of HKD 3.041 million, an increase of 72.4% compared to the same period last year.

GUOEN HOLDINGS (08121) released its financial results for the six months ended September 30, 2024, with revenue of HK$70.56 million, a year-on-year increase of 19.4%; net profit of HK$3.041 million, a year-on-year increase of 72.4%; and basic earnings per share of HK$0.23. During the period, the increase in total revenue was mainly attributed to growth in revenue from creative and technology services and digital advertising placement services, partially offset by a decrease in revenue from social media management services. The Group's gross profit margin decreased slightly from approximately 22.03% for the six months ended September 30, 2023, to approximately 20.17% for the six months ended September 30, 2024. The decrease in gross profit margin was mainly due to an increase in operating costs generated by service costs.