7Road Expects to Swing to Loss in 2024 on Receding Revenue

MT Newswires Live

03/06

7Road Holdings (HKG:0797) expects a loss of 80 million yuan for 2024 against a profit of 3 million yuan from continuing operations in 2023, a Wednesday bourse filing said.

The game developer attributed the expected swing to a gradual drop in revenue during the reporting year compared to a boost in revenue in 2023 due to a new game launched at the end of 2022.

Shares of the company were down over 1% in recent trade.

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