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For the fiscal year ended 31 December 2021, Titan Invo Technology Ltd revenues decreased 36% to HK$273.1M. Net loss before extraordinary items increased from HK$266.1M to HK$597.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Impairment of goodwill increase from HK$0K to HK$384.7M (expense).
Period Ending: | Dec 31, 2021 | Jun 30, 2021 | Dec 31, 2020 | Jun 30, 2020 |
---|---|---|---|---|
Total Revenue | 47.17 | 172.66 | 231.5 | 195.33 |
Gross Profit | -22.62 | 33.2 | 40 | 24.31 |
Operating Income | -99.12 | -36.83 | -108.57 | -90.8 |
Net Income | -477.72 | 11.62 | -76.77 | -169.31 |
Period Ending: | Dec 31, 2021 | Jun 30, 2021 | Dec 31, 2020 | Jun 30, 2020 |
---|---|---|---|---|
Total Assets | 529.74 | 1499.73 | 1674.19 | 1959.03 |
Total Liabilities | 1071.38 | 1268.32 | 1485.95 | 1570.73 |
Total Equity | -541.64 | 231.41 | 188.24 | 388.3 |
Period Ending: | Dec 31, 2021 | Jun 30, 2021 | Dec 31, 2020 | Jun 30, 2020 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | -110.19 | -117.94 | -136.12 | |
Cash From Investing Activities | 145.9 | 6.79 | -31.12 | |
Cash From Financing Activities | 105.02 | 19.29 | 137.63 | |
Net Change in Cash | 140.79 | -82.3 | -32.5 |
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