Blue Moon Group Records Wider Loss in H1, Revenue Exceeds Estimates

MT Newswires Live08-23

Blue Moon Group Holdings (HKG:6993) recorded a loss attributable to equity holders of HK$663.7 million for the six months ended June 30, wider than the HK$167.5 million logged for the same period last year, a Thursday filing with the Hong Kong Exchange said.

Attributable loss per share stood at HK$0.1200, compared with HK$0.0301 per share recorded for the corresponding period in 2023.

The home cleaning and care product manufacturer and seller's revenue for H1 came in at HK$3.13 billion, 40.9% higher than the HK$2.22 billion logged for the year-ago period. Analysts polled by Visible Alpha were expecting the revenue to be HK$2.40 billion.

The company attributed the increase in revenue to an increase in sales of its products across all sales channels, especially the new e-commerce channel, excluding direct sales to key account channels.

An interim dividend of HK$0.04 per share was recommended by the company for the reporting period.

The company's shares were up nearly 3% on Friday's close.

Price (HKD): $1.87, Change: $+0.050, Percent Change: +2.75%

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