No Data
Zengame 2024 Profit to Slide Up to 45%
ZENGAME [02660] is currently reported at HKD 2.28, a decline of 11.28%.
As of 09:42, ZENGAME [02660] reported 2.28 Hong Kong dollars, a decrease of 0.29 Hong Kong dollars or 11.28% from yesterday's closing price of 2.57 Hong Kong dollars, with a trading volume of 0.4967 million Hong Kong dollars. Today's highest price is 2.48 Hong Kong dollars, and the lowest price is 2.28 Hong Kong dollars. Based on yesterday's closing price, the 10-day average price is 2.56 Hong Kong dollars, the 50-day average price is 2.78 Hong Kong dollars, and the current PE is 3.22 times, with a 14-day strength index of 27.50.
Zengame Technology Issues Profit Warning Amid Market Downturn
ZENGAME (02660.HK) issues a profit warning: expecting annual Net income to decrease by approximately 35% to 45%.
On January 21, Gelonghui reported that ZENGAME (02660.HK) announced that the group expects the net income attributable to the company owners for the year ending December 31, 2024, to decrease by approximately 35% to 45% compared to the year ending December 31, 2023. The expected decrease is mainly due to: (i) sales of new products and new gameplay being lower than expected, along with a generally sluggish gaming market in 2024, leading to a revenue decline of approximately 15% to 25%; (ii) higher game operation costs, resulting in a gross margin decrease of about 5% to 10%; and (iii) due to the transfer of the company's indirect wholly-owned subsidiary.
Express News | Zengame Technology Sees Decrease in Net Profit Attributable for Year by 35% to 45%
ZENGAME: PROFIT WARNING
