{"id":777003769,"date":"2023-03-28T12:54:59","date_gmt":"2023-03-28T15:54:59","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777003769"},"modified":"2026-04-22T23:21:54","modified_gmt":"2026-04-23T02:21:54","slug":"ape-posts-net-loss-of-us1-9m-for-2022","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ape-posts-net-loss-of-us1-9m-for-2022","title":{"rendered":"APE posts net loss of US$1.9m for 2022"},"content":{"rendered":"\n

The company reported revenue of HK$10.5m (US$1.3m), up 37.7 per cent from the prior year.<\/p>\n\n\n\n\n\n\n\n

Macau.- Gaming technology supplier Asia Pioneer Entertainment Holdings <\/strong>(APE) has shared its financial results for the full-year 2022. It’s posted a net loss of HK$14.7m (US$1.9m) due to a \u201csharp fall\u201d in gross profit from its electronic gaming equipment business.<\/p>\n\n\n\n

APE recorded revenue of HK$10.5m (US$1.3m), up 37.7 per cent when compared to the previous year<\/a>. Gross profit fell to a HK$0.1m loss frmo a HK$0.9m profit in 2021.<\/p>\n\n\n\n

The company\u2019s revenue from its technical sales and distribution of electronic gaming equipment (EGE) was HK$6.1m, up 21.2 on year-on-year terms. Revenue in the electronic gaming equipment business reached HK$9.6m, up 28.1 per cent from 2021. Revenue from consulting and technical services increased by 67.9 per cent to HK$3m. Revenue from repair services declined by 28.8 per cent.<\/p>\n\n\n\n

The group\u2019s operating expenses decreased by 13.4 per cent year-on-year to approximately HK$16.2m in 2022.<\/p>\n\n\n\n

APE noted that despite the uncertainty due to Covid-19 in the past three years, it is confident that its core EGE Business and Smart VM Business will recover<\/strong> as tourists, mass gamers, consumers and business return to Macau and Asian region. <\/p>\n\n\n\n

The company said: “The group is committed to driving the company back to profitability in the coming year<\/strong>. Other than its EGE Business and Smart VM Business, the group continues to proactively seek opportunities to diversify its businesses. <\/p>\n\n\n\n

“As Macau transitions from a pure gambling hub, more emphasis will be placed on non-gaming businesses, including technologies and other non-gaming services. The group will seek diversification opportunities that suites the group\u2019s competitive advantages.”<\/p>\n","protected":false},"excerpt":{"rendered":"

The company reported revenue of HK$10.5m (US$1.3m), up 37.7 per cent from the prior year.<\/p>\n","protected":false},"author":176,"featured_media":24147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Gaming technology supplier Asia Pioneer Entertainment Holdings (APE) reported a 37.7% revenue increase to HK$10.5m in FY2022, yet incurred a net loss of HK$14.7m primarily due to a significant decline in gross profit from its electronic gaming equipment (EGE) segment. The company expresses confidence in market recovery post-COVID-19 in Macau and the broader Asian region, while strategically pursuing diversification into non-gaming verticals to align with Macau's evolving economic framework.","focusai_entities":"Asia Pioneer Entertainment Holdings, APE","focusai_location":"Macau, Asia","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.8), investor_analyst (0.98), supplier_vendor (0.9), journalist_researcher (0.88)","focusai_suggestions":[{"label":"APE Diversification Strategy?","query":"What specific non-gaming verticals is Asia Pioneer Entertainment Holdings targeting for diversification in Macau, and what proprietary competitive advantages does the group possess in these emerging sectors?"},{"label":"EGE Gross Profit Impact?","query":"How does the 'sharp fall' in gross profit from the electronic gaming equipment (EGE) business impact APE's long-term B2B supply chain strategy and market positioning, particularly given the anticipated recovery in mass gaming volumes?"}],"footnotes":""},"categories":[16338,163],"tags":[21593],"class_list":["post-777003769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-ape-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777003769"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003769\/revisions"}],"predecessor-version":[{"id":777003793,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003769\/revisions\/777003793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24147"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777003769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777003769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777003769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}