Summary by Moomoo AI
IGG announced its interim business performance on June 30, 2024, achieving a profit of 0.33 billion Hong Kong dollars, a year-on-year increase of 9% to 2.74 billion Hong Kong dollars. The growth in revenue was driven by two blockbuster games, "Doomsday: Last Survivors" and "Viking Rise," as well as the expansion of the app business. The classic product "Kingdom Era" contributed 1.34 billion Hong Kong dollars in revenue. During this period, a semi-annual dividend of 8.5 Hong Kong cents per ordinary share was declared, accounting for approximately 30% of the half-year profits. The total amount of share repurchases in the first half of the year was nearly 33 million Hong Kong dollars, accounting for approximately 40% of the half-year profits. The company is headquartered in Singapore and has branch institutions in the United States, China, and other locations.
