Asia Pioneer Entertainment Holdings' Q1 report shows that group revenue totalled around HK$1

Asia Pioneer Entertainment Holdings' Q1 report shows that grouping revenue totalled around HK$1.3m ($1.66m), representing an approximative step-down of 35% from the HK$2m recorded for the same geological period of 2021.

The accompany mostly considers this minify to be the final result of rock-bottom income derived from technological sales and statistical distribution of electronic gaming equipment; a reducing of around 72%. Moreover, this amount is offset past the growth in revenue from consulting and expert services and furbish up services of 61.9% and 150.5% respectively from the corresponding periods.

In addition, APE recorded a sum comprehensive red of rough HK$4.3m which again, is a decrease of 1.8% from a Q1 2021 sum of HK$4.3m.

Similarly to the red of proficient sales, this simplification inward finances has been for the most part assign knock down to the continued lag of young orders, which has come up as a resultant of the operational wallop of Covid on its major customers. Namely, the cassino operators inward the Macau Special Administrative Region.

As a termination of financial outcomes for the quarter, the Board of Directors has resolved not to adjudge any payment of dividend for the term.

At the final stage of 2021, Asia Pioneer Entertainment reported an 81% diminish in revenue for 2021 from the twelvemonth prior. At the time, the company’s revenue stood at HK$7.6m.

This large come inwards revenue was attributed to the reduction in profits from electronic tabulate games that it distributes, sells and services for customers.