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- Antelope Enterprise Holdings Ltd (NASDAQ:AEHL) reported revenue growth of 25.9% year-over-year to RMB50.1 million ($7.7 million) for the first six months of FY21.
- The increase in revenue was due to a 6% increase in the sale of ceramic tiles and RMB7.9 million in software rights revenue from Antelope Chengdu. The sales growth in ceramic tiles was due to an 11.1% increase in sales volume to 2.0 million square meters of ceramic tiles.
- Gross loss for the six months was RMB(6.5) million, compared to a profit of RMB0.9 million last year.
- Loss per share improved to RMB(16.24) from RMB(40.82) a year ago.
- The cash flow used in operating activities was RMB3.7 million for the six months versus cash generated from operating activities of RMB1.3 million last year. It held cash and equivalents of RMB34.0 million ($5.3 million) as of June 30, 2021.
- Price Action: AEHL shares are trading lower by 1.07% at $2.78 on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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