The company reported an increase in revenue of 33.6 per cent year-on-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 first quarter of the year. It’s reported a net loss of HKD3.77m (US$480,697)<\/strong>. The figure represents an improvement on the nearly HK$4.27m loss in the prior-year period<\/a>.<\/p>\n\n\n\n The group\u2019s revenue amounted to approximately HK1.8m (US$224,000), up 33.6 per cent when compared to last year. APE attributed the rise to increases in revenue from repairs and smart vending machines, up 172.5 per cent and 321.2 per cent, respectively. <\/p>\n\n\n\n Income from consulting and technical services declined 5.6 per cent while the distribution of electronic gaming equipments (EGEs) was down 50.1 per cent<\/strong>. As a result of staff reductions, first-quarter operating expenses decreased by 10.7 per cent to just under HK$3.6m.<\/p>\n\n\n\n As for the upcoming months, the company said: “The group is confident that our core EGE Business and Smart VM Business will recover post-Covid-19 as tourist, mass gamers, consumers and business return to Macau and Asian region. The group is committed to driving the company back to profitability this year.”<\/p>\n\n\n\n In 2022, APE<\/a> posted a net loss of HK$14.7m (US$1.9m) due to a sharp fall in gross profit from its electronic gaming equipment business. It 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 from a HK$0.9m profit in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":" The company reported an increase in revenue of 33.6 per cent year-on-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":"Asia Pioneer Entertainment Holdings (APE), a gaming technology supplier, reported a Q1 net loss of HKD3.77m, an improvement year-on-year, with revenue up 33.6% to HK1.8m. This growth was primarily driven by repairs and smart vending machines, offsetting declines in Electronic Gaming Equipment (EGE) distribution and consulting services. The company anticipates a return to profitability this year, banking on the post-Covid recovery of tourism and gaming in Macau and the broader Asian region.","focusai_entities":"Asia Pioneer Entertainment Holdings (APE)","focusai_location":"Macau, Asia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.75), investor_analyst (0.95), supplier_vendor (0.9), journalist_researcher (0.85)","focusai_suggestions":[{"label":"EGE Business Recovery","query":"What specific market indicators or contractual pipeline developments support APE's confidence in the recovery of its core Electronic Gaming Equipment (EGE) distribution business in Macau and the broader Asian region?"},{"label":"Diversification Strategy ROI","query":"Given the significant growth in smart vending machine revenue, what is APE's long-term strategic vision for this vertical, and what are the projected capital expenditure and return on investment metrics compared to its traditional gaming technology offerings?"}],"footnotes":""},"categories":[16338,163],"tags":[24048],"class_list":["post-777005205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-asia-pioneer-entertainment-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005205","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=777005205"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005205\/revisions"}],"predecessor-version":[{"id":777005242,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005205\/revisions\/777005242"}],"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=777005205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}