FriendTimes to Turn to H1 Profit

MT Newswires Live

07/17

FriendTimes (HKG:6820) expects a profit of between 38 million yuan and 44 million yuan for the six months ended June 30, compared with a loss in the year-ago period, a Thursday Hong Kong bourse filing said.

The mobile game developer attributed the anticipated turn to profit mainly to a higher revenue due to the launch of new games, a boost in gross profit margin, and a decline in both the R&D and sales expense ratios.

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