Summary by Moomoo AI
Most Kwai Chung Limited ("the Company") released a positive earnings forecast on November 15, 2024, expecting to record a consolidated net profit of no more than HKD 5,000,000 for the six months ending September 30, 2024, compared to a consolidated loss of HKD 2,000,000 in the same period of 2023, thereby achieving a turnaround from loss to profit. This change is mainly attributed to an increase in customers and marketing expenditures in the digital media services sector, enhanced income from organized events, and a rise in fair value gains from the acquisition of 31% equity in To Be Honest Limited. The Company pointed out that these figures are based on preliminary assessments and have not been audited, with final data to be published by the end of November 2024.