Summit Ascent Holdings Limited has released its unaudited interim results for the six-month period ended 30 June 2025. The Group's total revenue for the first half of 2025 was HK$312.9 million, representing a 64.7% increase compared to HK$189.9 million in the same period in 2024. This growth was mainly driven by new trading revenue of HK$100.1 million. The Group's Adjusted EBITDA rose to HK$67.8 million from HK$65.3 million in the prior year period. Profit attributable to owners of the Company increased by 29.6%, reaching HK$202.9 million, up from HK$156.5 million in the first half of 2024. The Group's operation in the gaming and hotel business in the Russian Federation contributed HK$212.7 million to the total revenue, while the trading business added HK$100.1 million. Property development in Japan did not contribute revenue during this period. The Group recorded a gross profit of HK$116.1 million, up from HK$102.3 million in the previous year. Profit before taxation stood at HK$250.1 million, compared to HK$173.8 million in the first half of 2024. The income tax expense increased to HK$10 million from HK$4.1 million. No specific outlook or guidance has been provided in the announcement. Summit Ascent Holdings Limited's trading remains suspended.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Summit Ascent Holdings Limited published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.
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