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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