Milestone (02556) announced that the group expects its revenue to increase to approximately RMB 0.729 billion to 0.741 billion in the first half of 2024, an increase of about 25% to 27% from the same period last year, mainly due to the continuous expansion of SaaS and precision marketing businesses in the first half of the year, with larger increase in SaaS revenue, resulting in higher total revenue growth.
Expected adjusted net income of no less than RMB 41 million in the first half of 2024, while adjusted net loss in the first half of 2023 was approximately RMB 24 million, mainly due to the increase in revenue from SaaS business in the first half of the year resulting in an increase in gross profit; and the improvement of the overall operational efficiency of the group resulting in a decrease in adjusted management expenses and research and development expenses.
