Link: https://links.sgx.com/1.0.0/corporate-announcements/34FT14PGTB6TJL74/03704f738a9e48a1251d86c7fde000ffd925886aed0fee77c4750a646e1e0bdd

Summary:

• Revenue: Increased by 18% to HK$1.63 million for the three months ended 30 September 2024, up from HK$1.38 million in the same period last year.​

• Net Loss: Reduced by 90% to HK$354,000, compared to a net loss of HK$3.68 million in the previous year's corresponding quarter.​

• Depreciation of Property, Plant, and Equipment: Decreased by 13% to HK$603,000, down from HK$692,000.​

• Reversal of Depreciation of Right-of-Use Assets: Recorded a reversal amounting to HK$2.04 million, a significant increase from HK$287,000 in the prior year.​

• Employee Benefits Expenses: Reduced by 49% to HK$308,000, compared to HK$599,000 previously.​

• Finance Costs: Slightly increased by 2% to HK$1.65 million, up from HK$1.62 million.​

• Foreign Exchange Loss: Incurred a loss of HK$143,000, reversing a gain of HK$20,000 in the same quarter last year.​

• Total Assets: As of 30 September 2024, total assets stood at HK$63.2 million, a decrease from HK$66.9 million as of 30 June 2024.​

• Total Liabilities: Increased to HK$119.7 million, up from HK$122.0 million at the end of June 2024.​

Note: All data is sourced from SinoCloud Group Limited's unaudited condensed interim consolidated financial statements for the three months ended 30 September 2024.