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Agape ATP Corp (OQ:ATPC)

Business Focus: Medical Equipment, Supplies & Distribution

Sector:  Healthcare Industry:  Medical Equipment, Supplies & Distribution
 
Company Contact
Address: 0
KUALA LUMPUR 58100
Tel: N/A
Website: https://www.agapeatpgroup.com/index.php/agape-atp-corporation/introduction
IR: See website
Key People
Kok Choong How
Chairman of the Board, President, Chief Executive Officer, Chief Operating Officer, Company Secretary
Kam Fan Lee
Chief Financial Officer
Tjong Budisantoso
Executive Director
Business Overview
Agape ATP Corporation is a Malaysia-based investment holding company. The Company provides health and wellness products and advisory services in the Malaysian market. The Company offers three series of products: ATP Zeta Health Program, ENERGETIQUE and BEAUNIQUE. Its ATP Zeta Health Program is a health program designed to promote health and general wellbeing, as well as to prevent diseases caused by polluted environments, unhealthy dietary intake and unhealthy lifestyles. The ATP Zeta Super Health Program is focused upon biological energy, Adenosine Triphosphate (ATP), at the cellular level. It ENERGETIQUE product series is comprised of ENERGETIQUE Mask series, Hyaluronic Acid Serum and Mousse Facial Cleanser. Its BEAUNIQUE product series focuses on the research of its diet's impact on modifying gene expressions in order to address genetic variations and deliver a personalized nutrigenomic solution for every individual.
Financial Overview
For the fiscal year ended 31 December 2023, Agape ATP Corp revenues decreased 23% to $1.4M. Net loss increased 25% to $2.1M. Revenues reflect ATPR Mito segment decrease from $271K to $0K, Omega Blend segment decrease of 92% to $22K. Higher net loss reflects Selling/General/Admin Expense increase of 21% to $2.4M (expense), Selling - Balancing value increase of 83% to $624K (expense).