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Apollo Future Mobility Group Limited (HKG:860) Stock Rockets 31% As Investors Are Less Pessimistic Than Expected
APOLLO FMG (00860.HK): The attributable loss for the shareholders in 2024 is 1.538 billion Hong Kong dollars.
Glory Financial announced on April 1 that APOLLO FMG (00860.HK) reported an income of 0.34 billion HKD for the fiscal year ending December 31, 2024, an increase of 21.8% year-on-year; gross profit was 15.724 million HKD, a decrease of 75.1% year-on-year; the loss attributable to company owners was 1.538 billion HKD, compared to a loss of 0.861 billion HKD in the same period last year; basic loss per share was 180.0 HK cents. This year's gross margin decreased to about 4.6% (2023: 22.6%), mainly due to (i) a reduction in the income from loan financing interest, which typically has a higher gross margin.
Express News | Apollo Future Mobility Group FY Revenue HKD 340.2 Million
Express News | Apollo Future Mobility Group FY Gross Profit HKD 15.7 Million
