"AM Group Holdings reported interim revenue of S$13.1 million for the six months ended 31 December 2024, down 13.5% year on year, as the deconsolidation of its online e-commerce platform weighed on the top line."
"Gross profit edged up 2% to S$3.8 million, supported by a stronger margin in search engine marketing services, where profitability improved markedly alongside a 12.4% rise in segment revenue."
"The group narrowed its loss to S$40,000, a 74.3% improvement from the prior-year period, helped by higher-margin marketing operations and lower operating expenses following the removal of the e-commerce unit."
"The board opted not to declare an interim dividend, signaling a continued focus on preserving capital amid a challenging revenue environment."
AM Group Holdings reported interim revenue of S$13.1 million for the six months ending December 31, 2024, a 13.5% decrease year on year. Gross profit increased by 2% to S$3.8 million, driven by improved margins in search engine marketing services. The company narrowed its loss to S$40,000, a 74.3% improvement from the previous year, aided by higher-margin operations and reduced expenses. However, lower other income and higher tax expenses offset some gains, leading to no interim dividend declaration as the company focuses on capital preservation.
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