APE plans to expand into vending machines

Asia Pioneer Entertainment Holdings (APE) has said that due to the ongoing pandemic and its effect on the industry, the group has “began implementation of its diversification strategy under SmartCom into smart VM operations in Macau SAR

Asia Pioneer Entertainment Holdings (APE) has said that due to the ongoing pandemic and its effectuate on the industry, the mathematical group has “began effectuation of its diversification strategy below SmartCom into smart VM operations inwards Macau SAR.”

According to a companion statement, the grouping has extensive have maintaining, repairing and operating consumer-related machines, understands viable locations such as hotels or visitor sites in Macau, adding that at that place is potential in the growing smarting vendition market.

“During the period, the mathematical group has installed 3 smarting VMs inwards Macau SAR under our SmartCom brand,” register APE's statement. “SmartCom has also signed consignment and purchase agreements with several Macau-branded products for our smart VMs. We are hopeful that to a greater extent of smartness VMs canful follow trilled come out to various locations end-to-end Macau SAR inwards the back half of 2021.”

Diversification is i of the possible shipway the group is trying to offset the straining the on-going pandemic has on its business.

APE’s revenue reduced past 75% to HK$3m ($385,452) for the sextuplet months ended 30 June 2021. Gross benefit dropped past 94% to HK$0.2m.

Operating expenses were HK$9.5m, a 9% decline. Loss for H1 2021 was HK$9.4m, patch revenue from electronic tabularize games was HK$1.4m.

Technical sales and distribution of EGE for H1 was HK$1.9m, almost an 80% declination from the HK$9.4m recorded cobbler's last year.

Consultancy and technical services dropped 41% year-on-year, to HK$0.9m. Repair services, meanwhile, saw an 80% decline to HK$0.2m.