APE Macau issues profit warning amid 74.6% revenue decline in H1

Casino technology provider Asia Pioneer Entertainment Holdings Limited (APE) has shared its preliminary results for the first half of 2021 ending 30 June, projecting a revenue decline of 74.6% compared to its results from the first half of 2020.

The supplier has estimated that revenue from the first six months of 2021 will amount to HK$3.0m (£279,156/€326,385), a sharp decline from HK$11.8m (£1.0m/€1.2m) in the same period of 2020.

APE also projected that technical and repair services revenue would drop by 79.9%, revenue from the company’s business units would decline by 79.6%, and revenue from sales of equipmentwould decrease by 40.7% year-on-year in H1.

The warning revealed that the company’s loss before income tax may come to HK$9.4m (£874,688/€1.0m), 67.5% less than the loss of HK$29.0m (£2.6m/€3.1m) recorded in the previous H1 results.

APE’s board concluded that the impact of the novel coronavirus (Covid-19) pandemic and the lack of impairment loss of finance lease receivables..

Casino technology provider Asia Pioneer Entertainment Holdings Limited (APE) has shared its preliminary results for the first half of 2021 ending 30 June, projecting a revenue decline of 74.6% compared to its results from the first half of 2020.

The supplier has estimated that revenue from the first six months of 2021 will amount to HK$3.0m (£279,156/€326,385), a sharp decline from HK$11.8m (£1.0m/€1.2m) in the same period of 2020.

APE also projected that technical and repair services revenue would drop by 79.9%, revenue from the company’s business units would decline by 79.6%, and revenue from sales of equipmentwould decrease by 40.7% year-on-year in H1.

The warning revealed that the company’s loss before income tax may come to HK$9.4m (£874,688/€1.0m), 67.5% less than the loss of HK$29.0m (£2.6m/€3.1m) recorded in the previous H1 results.

APE’s board concluded that the impact of the novel coronavirus (Covid-19) pandemic and the lack of impairment loss of finance lease receivables – which offset otherwise poor 2020 figures – affected the results.

The supplier’s full H1 results are expected to be released on or before 13 August 2021.

Original Article

New Casinos
VulkanVegas Casino: Get 1000€ welcome bonus + 125 Free spins
Pledoo Casino: Get 3000€ welcome bonus + 225 Free spins
Bitstarz Casino: Get 100€ welcome bonus
Greenspin Casino: Get 200€ welcome bonus + 150 Free spins
EasyBet Casino: Get 700€ welcome bonus + 10 Free spins