APE flags 75% revenue fall in 1H21

Herman-Ng APE

Asia Pioneer Entertainment Holdings says it expects to record a 74.6 percent decline in revenue for the six months ended June 30, 2021, owed to the economic and financial impact of the covid-19 pandemic. 

The company said revenues from its main business units, which include technical sales and distribution of EGE products, consulting and technical and repair services, will decrease by 79.6 percent, 40.7 percent and 79.9 percent respectively compared to the previous corresponding period.