AMUSE GROUP (08545) announces its interim financial results, with a net profit of HK$1.536 million.

AMUSE GROUP (08545) announced its performance for the six months ended September 30, 2024, with revenue of HK$59.027 million, a year-on-year decrease of 42.9%; net profit of HK$1.536 million, compared to a loss of HK$0.622 million in the same period last year; basic earnings per share of 0.13 HK cents. The decrease in revenue during the period was mainly due to changes in the production plans of suppliers; a severe market downturn during the period, leading to reduced consumer spending and decreased demand for non-essential items such as toys; and anticipated industry market contraction, resulting in a strategic reduction in capital expenditures for proprietary toys.