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Flowing Cloud Technology Forecasts Revenue Dip
Feitian Cloud Motion (06610.HK) expects a decrease of approximately 45% in net income for the mid-term.
Feitian Cloud (06610.HK) announced on August 23rd that for the period ending June 30, 2024, the group expects to record (i) a decrease in income of about 25% compared to the period ending June 30, 2023; and (ii) a decrease in net income of about 45% compared to the period ending June 30, 2023. The decrease in income and net income during the period is mainly attributable to the following factors: (i) the overall reduction in budget for internet advertising clients due to macroeconomic influences, resulting in a decrease in revenue from augmented reality and virtual reality (AR/VR) marketing services; and (ii) higher traffic costs.
Express News | Flowing Cloud Technology Sees Decrease in Revenue by 25% for Period Ended June 30
FLOWING CLOUD: PROFIT WARNING
Feitian Cloud (06610.HK) plans to hold a board of directors meeting on August 30th to review its interim performance.
Futu Holdings announced on August 20th that the board of directors meeting is scheduled to be held on August 30, 2024 (Friday) to consider and approve the group's interim performance for the six months ended June 30, 2024 (including), as well as the publication and distribution of interim dividends (if any).
Flowing Cloud Tech Schedules Key Financial Meeting
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