Because APT are growing their assets and APT are opting to spend more to make more, rather than spending what they can to make what they can. The asset base of ZNO is not growing, not that I can see.
I specifically cover exactly why APT is extremely profitable and has a huge market cap in this video here, despite having the appearance of being a loss-maknig business. Then you can compare APT's financials with ZNO's financials and see exactly why the market cap here doesn't exactly fit the bill.
Because APT are growing their assets and APT are opting to spend...
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