Asia Pioneer Amusement Q1 income down 35%

Asia Pioneer Leisure Holdings’ Q1 report shows that team profits totalled around HK$1.3m ($1.66m), symbolizing an approximate lower of 35% from the HK$2m recorded for the similar time period of 2021. 

The enterprise mostly considers this minimize to be the end result of lowered money derived from technical gross sales and distribution of electronic gaming equipment a reduction of about 72%. Also, this quantity is offset by the enhance in profits from consulting and complex companies and repair providers of 61.9% and 150.5% respectively from the corresponding intervals. 

In addition, APE recorded a full thorough reduction of around HK$4.3m which yet again, is a decrease of 1.8% from a Q1 2021 full of HK$4.3m.

Likewise to the decline of complex sales, this reduction in cash has been largely put down to the ongoing slowdown of new orders, which has appear as a final result of the operational influence of Covid on its significant clients. Namely, the casino operators in the Macau Special Administrative Area. 

As a end result of fiscal results for the quarter, the Board of Directors has settled not to declare any payment of dividend for the term. 

At the end of 2021, Asia Pioneer Leisure described an 81% decrease in profits for 2021 from the year prior. At the time, the company’s earnings stood at HK$7.6m.

This large slide in revenue was attributed to the minimize in income from digital desk online games that it distributes, sells and solutions for buyers.