Exhibit 99.1
AMTD Digital’s Half Yearly Net Profit is Estimated to Increase over 150% Year over Year
January 25, 2024 09:18 AM Eastern Standard Time
PARIS & NEW YORK—(BUSINESS WIRE)—AMTD Digital Inc. (NYSE: HKD) (“AMTD Digital” or the “Company”), a comprehensive
digital solutions and global hospitality and VIP services platform headquartered in France, today announced a positive profit estimate for the six months ended October 31, 2023.
During the six months ended October 31, 2023, despite the global economic slowdown and rising geopolitical uncertainties that led to great volatility in
international markets overall, the Company demonstrated strong resilience and achieved outstanding financial performance.
Total net profit for the six
months ended October 31, 2023 is estimated to increase by over 150% year over year. Net profit of the Company for the six months ended October 31, 2023 is estimated to be over US$27 million. In particular, after AMTD IDEA Group, our
controlling shareholder, injected AMTD Assets Group into the Company in February 2023, revenue from hotel operations, hospitality and VIP services is estimated to contribute over US$6 million.
Dr. Timothy Tong, Independent Chairman of the Company, “Similar to the year before, the six- month period
that ended on October 31, 2023 was filled with challenges. Although the COVID pandemic has officially ended, the global economy in the post-COVID period has yet to fully recover. Geopolitical tensions around the world continue to post serious
uncertainties about investments in all sectors of the economy. Due to strong leadership and diligent management of AMTD Digital executive team, year-over-year net profit growth of more than 150% was achieved despite the aforementioned-challenges.
Further, through the injection of AMTD Assets Group by the controlling shareholder, AMTD IDEA Group, resulted in enhanced net profit. I thank the management team and continue to be cautiously optimistic about the prospect for future performance
growth of AMTD Digital.”
Ms. Joanne Shoveller, independent director of the Company, “Innovative thinking, detailed attention to customer
needs and advances in digital solutions services, and recognition of emerging opportunities in hospitality and VIP services have led to this remarkable 6-month performance within demanding market conditions
and geopolitical uncertainty. As an independent director of the Company and on behalf of the board of directors, I convey my thanks to AMTD Digital’s leadership team for creating this suite of services and investments that position the Company
to align with emerging market demands and opportunities and pave the way for even stronger results in the next half of the year.
This profit estimate is
preliminary in nature and is based on information currently available to the management of the Company. The estimate is subject to change as we adjust and finalize our financial results for the relevant period. Accordingly, investors are advised not
to place undue reliance on this information and should instead refer to our unaudited financial results of the relevant period to be subsequently published by the Company.