trending Market Intelligence /marketintelligence/en/news-insights/trending/VCeENQnIKflGdHcSTnpkVA2 content esgSubNav
In This List

Millennium Pacific Group Q1 loss widens YOY

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero

Blog

Broadcast deal market recap, Q2'22

Blog

Japan M&A By the Numbers: Q1 2022

Podcast

Next in Tech | Episode 77: Language in Tech


Millennium Pacific Group Q1 loss widens YOY

Millennium Pacific Group Holdings Ltd. said its normalized net income for the first quarter amounted to a loss of HK$3.9 million, compared with a loss of HK$1.0 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 42.6% from negative 3.5% in the year-earlier period.

Total revenue decreased 69.8% on an annual basis to HK$9.0 million from HK$30.0 million, and total operating expenses fell 51.7% on an annual basis to HK$15.2 million from HK$31.5 million.

Reported net income came to a loss of HK$6.2 million, or a loss of 0 cents per share, compared to a loss of HK$1.9 million, or a loss of 0 cents per share, in the prior-year period.