ALLEGRO CULTURE (00550) announced its mid-2024 performance, with a net loss of HKD 7.471 million for shareholders, a 22.6% decrease year-on-year.

ALLEGRO CULTURE (00550) released its interim performance for the six months ending on June 30, 2024. The group achieved a revenue of HK$13.829 million, a decrease of 31.6% compared to the same period last year. The net loss attributable to equity shareholders of the company was HK$7.471 million, a decrease of 22.6% compared to the same period last year, with a loss per share of 1.64 HK cents. The announcement stated that the decrease in revenue was mainly due to a decline in advertising revenue, as well as the fact that the group's non-advertising business segments (particularly e-commerce business) no longer generated revenue.