Auto Italia Holdings Reports 22.6% Increase in Half-Year Revenue to HK$19.2 Million, Profit Climbs to HK$12.4 Million

Reuters
Aug 29
<a href="https://laohu8.com/S/ATTGF">Auto Italia</a> Holdings Reports 22.6% Increase in Half-Year Revenue to HK$19.2 Million, Profit Climbs to HK$12.4 Million

Auto Italia Holdings Limited has announced its unaudited interim results for the six months ended 30 June 2025. During this period, the Group reported a consolidated revenue of HK$19.214 million, which marks an increase from HK$15.668 million in the same period of the previous year. The increase in revenue was primarily driven by the performance in the Cars segment, which contributed HK$5.976 million, up from HK$2.425 million in 2024. The Group recorded a segment profit of HK$35.035 million, compared to a loss of HK$62.4 million in the prior year. This turnaround was largely due to a net fair value gain of HK$36.9 million, which includes a HK$16.1 million gain from investment properties and a HK$21.6 million gain on financial assets. These gains offset the unrealized fair value loss of HK$1.1 million on an associate investment. Despite these positive developments, the Group's overall gross profit margin contracted by 14.5 percentage points to 54.1% during the reporting period, compared to 68.6% in 2024. Other income slightly decreased to HK$0.11 million from HK$0.12 million, attributed to a reduction in commission income in the Car Division, partially mitigated by bank interest income from time deposits in the United Kingdom. The Group's profit before taxation stood at HK$12.396 million for the period. No specific guidance or outlook for future periods was included in the announcement.

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