Summary by Moomoo AI
IGG achieved a turnaround from losses to profits in the first half of 2024, with a profit of 0.33 billion Hong Kong dollars, a year-on-year increase of 9% to 2.74 billion Hong Kong dollars. The group declared an interim dividend of 8.5 Hong Kong cents per ordinary share, representing approximately 30% of the profit for the first half of the year. The group repurchased shares totaling nearly 33 million Hong Kong dollars in the first half of the year, with the combined amount of dividends declared and share repurchases accounting for approximately 40% of the profit for the first half of the year. IGG Group continues to drive steady growth in its core gaming and app business, while continuously optimizing costs, deeply applying AIGC technology, and enhancing profit capabilities.
