FilingReader Intelligence

TOM Group revenue declines marginally, losses attributed to finance costs

April 1, 2025 at 05:04 PM UTCBy FilingReader AI

TOM Group (HKEX:2383) reported a consolidated revenue of HK$747 million for 2024, a 4.8% decrease from the previous year. The decline is attributed to geopolitical tensions, economic concerns, and a strong USD, which affected business confidence. The Group's loss before net finance costs and taxation amounted to HK$18 million, while the loss attributable to shareholders was HK$256 million. This was primarily due to higher finance costs and no impairment loss reversal, compared to the reversal of impairment loss of approximately HK$14 million in relation to Ule and goodwill impairment of approximately HK$8 million for Social Network Group in 2023.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

HKEX:2383Hong Kong Exchange

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