Feiyu Technology Expects Return to H1 Profit; Shares Surge 17%
MT Newswires Live
Jul 23
Feiyu Technology International (HKG:1022) said it expects to report a net profit of between 55 million yuan and 70 million yuan for the six months ended 30 June, swinging from a 2 million loss a year earlier, according to a Wednesday bourse filing.
The turnaround was driven by strong revenue from its mobile game Yi Bu Liang Bu, which entered its payback period in the first half after launching in late 2024.
Interim results are expected by the end of August.
Shares of the company soared nearly 17% in recent trade.
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