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AMTD IDEA Group (NYSE:AMTD, SGX: HKB))))) ("AMTD IDEA" or the "Company") today announced a positive profit estimate for the six months ended June 30, 2023:
During the six months ended June 30, 2023, despite the global economic slowdown and rising geopolitical uncertainties, leading to volatile world markets overall, the Company demonstrated strong resilience and achieved solid financial performance. Total revenue for the six months ended June 30, 2023 is estimated to increase by more than 6% year over year to over US$125 million. In particular, revenue generated from digital media, entertainment and other solution services is estimated to achieve at least 2.5 times to more than US$23million, as a result of the successful operations of L'Officiel Inc. SAS since the Company's acquisition in the first half of 2022. Profit of the Company for the six months ended June 30, 2023 is estimated to be more than US$105 million.
This profit estimate is preliminary in nature, and is based on information currently available to the management of the Company. The estimate is subject to uncertainties, and maybe changed as we adjust and finalize our financial results for the relevant period. Accordingly, investors are advised not to place undue reliance on this information and should instead refer to our unaudited financial results of the relevant period to be subsequently published by the Company.
Posted In: AMTD
