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Pacific Online Expects to Turn Profitable in H1
Pacific Online Forecasts Profitable H1 2024
Pacific Online (00543.HK) is expected to make a profit of 5 million yuan to 15 million yuan in the first half of the year, reversing its loss from the same period last year.
On July 29th, Guolong announced that Pacific Online (00543.HK) is expected to record a net income attributable to shareholders of the company ranging from approximately RMB 5 million to RMB 15 million for the six months ending on June 30, 2024. In the same period of 2023, the net loss was about RMB 38 million. The expected net income attributable to shareholders of the company is mainly due to the reduction of advertising expenses and employee costs during the six months ending on June 30, 2024.
Express News | Pacific Online - Expected Result Due to Decrease in Advertising Expenses & Staff Costs During Hy
Express News | Pacific Online Ltd Sees Net Profit Attributable in Range of RMB5 Mln to RMB15 Mln for Six Months
PACIFIC ONLINE: POSITIVE PROFIT ALERT
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