Net-a-Go Technology posts significant profit surge on asset disposals

Net-a-Go Technology Co., Ltd. reported a significant turnaround for the six months ended June 30, 2025, with profit attributable to equity holders surging to HK$47,535,000, compared to a loss of HK$4,811,000 in the corresponding period of 2024. This notable improvement was primarily fueled by a HK$21,033,000 gain on disposal of financial assets at fair value through profit or loss and a HK$24,226,000 gain on disposal of subsidiaries.

Overall revenue for the interim period increased by 73.0% to approximately HK$180,697,000. This growth was largely attributed to the media advertising and marketing business, which generated approximately HK$128,191,000 in revenue after commencing operations in May 2024. The environmental maintenance business, however, saw a revenue decline to HK$36,040,000 from HK$81,351,000 in the prior period, reflecting a cautious approach to new projects.

The group’s cash and cash equivalents rose by 54.3% to approximately HK$324,702,000 as of June 30, 2025. Basic and diluted earnings per share for the period stood at HK$0.064. The company did not recommend any interim dividend payment.