AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year
AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year
- AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year
(Hong Kong, February 23, 2024) – AGTech Holdings Limited (“AGTech” or the “Group”, HKEX stock code: 8279) today announced its second interim results for the twelve months ended December 31, 2023. - • EBITDA of the Group for the 12-Month Period was approximately HK$39.5 million (Twelve months ended December 31, 2022: Negative EBITDA of approximately HK$37.7 million).
- The profit for the 12-Month Period was approximately HK$29 million (12 months ended December 31, 2022: loss of approximately HK$131 million).
- The change from operating loss to profit was mainly due to: (1) the increase in total revenue; (2) the increase in net finance income.