Asia Pioneer parent says 1Q loss can be reversed

Date

May 11, 2018

Author

none

Source

GGRAsia

Region


Subject

results

URL

http://www.ggrasia.com/asia-pioneer-parent-says-1q-loss-can-be-reversed/

Asia Pioneer Entertainment Holdings Ltd reported a net loss of approximately HKD1.7 million (US$216,619) for the first quarter of 2018. “This turn from profit to loss was mainly due to a sharp drop in overall gross profit margin of approximately 42.4 percent from the corresponding period [in 2017] to approximately 19.7 percent for the [reporting] period, as well as a 22.7 percent drop in total revenue for the comparable periods,” the company said.