Mobi Development Reports Substantial Revenue Decline

Mobi Development Co., Ltd. (HK:0947) has released an update.

Mobi Development Co., Ltd. reported a significant downturn in their interim financial results for the first half of 2024, with revenue dropping by 27.7% to RMB 249.8 million and an overall loss of RMB 31.58 million. The company’s gross profit margin also saw a decrease to 18.6% compared to the previous year. This performance marks a notable decline from the same period in 2023, underscoring challenges faced by the company.

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