Great Wall News on November 15 | Most Kwai Chung (01716.HK) announced that the company expects to record a comprehensive net profit of no more than HK$5,000,000 for the six months ending September 30, 2024, while the comprehensive net loss for the six months ending September 30, 2023, is approximately HK$2,000,000.
The expected reversal from recording a comprehensive net loss to recording a net profit is mainly due to the comprehensive impact of the following factors: (i) an increase in the number of customers and marketing expenses of the Digital Media Services Division; (ii) mainly due to the increase in revenue from performance activities organized by the group during this period, while the group did not organize any performance activities during the corresponding period; and (iii) an increase in fair value gains related to the phased acquisition of a 31% stake in To Be Honest Limited during this period.
