EAST BUY (01797) announces its interim results with a net loss attributable to shareholders of 96.79 million yuan, a turnaround from a profit to a loss on a year-on-year basis.

EAST BUY (01797) announced its interim performance for the six months ending on November 30, 2024. The group achieved a total operating revenue of 2.187 billion yuan during the period, a decrease of 9.32% compared to the same period last year. Shareholders' net loss was 96.799 million yuan, a turnaround from a profit of 249 million yuan in the same period last year, with a basic loss per share of 0.09 yuan. The announcement stated that the group's gross profit from continuing operations decreased by 7.4% from 794 million yuan in the six months ending on November 30, 2023, to 735 million yuan in the six months ending on November 30, 2024. The gross profit margin from continuing operations increased from 32.9% in the six months ending on November 30, 2023, to 33.6% in the six months ending on November 30, 2024. The improvement in gross margin was mainly attributed to the healthy development of self-operated products and live streaming e-commerce business.