Ape Macau has recorded revenue of HK$5.5m (£530,000/€620,000/US$706,000) for the first nine months of 2021, representing an 85.8% decrease from the same period last year.
There was a dramatic decrease in revenue derived from technical sales and distribution of electronic gaming equipment (EGEs), with the figure decreasing 89.4% to HK$3.8m.
Revenue from repair services fell 65.3% to HK$348,025, and revenue from consultancy and technical services dropped 32.2% to HK$1.4m.
Ape Macau’s financial report said: “The Group’s performance for the third quarter of 2021 continues to be adversely affected by the outbreak of the novel coronavirus disease (Covid-19) in Macau and Southeast Asia.
“As a result, there was a weaker demand for technical sales and distribution of EGEs of the Group.”
The cost of sales and services for the period was HK$4.9m, down from HK$26.2m in 2020.
As a result, gross profit for the nine month period came to HK$603,132, down from $12.9m in 2020.
Operating expen..