TOM Group Widens Loss in 2024

MT Newswires Live

Mar 10, 2025

TOM Group (HKG:2383) widened its attributable loss for the year 2024 to HK$256 million from HK$221.4 million in the year-ago period, a Monday filing with the Hong Kong bourse stated.

Loss per share was HK$0.0647, up from HK$0.0559 in the corresponding period of the last fiscal year.

Revenue fell by 4.8% to HK$747 million in the year from HK$784.4 million a year prior, mainly due to an unfavorable foreign exchange rate and challenges related to geopolitical volatility and global economic uncertainties due to high borrowing interest rates.

The Chinese language media company attributed the higher loss mainly to an increase in finance costs in the year.

Price (HKD): $0.50, Change: $+0.010, Percent Change: +2.06%

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