7Road Holdings Limited (HK:0797) has released an update.
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7Road Holdings Limited has issued a profit warning, alerting shareholders and potential investors that it expects to post a loss of approximately RMB5 million for the first half of 2024. This marks a significant downturn from the RMB130 million profit reported in the same period of 2023, primarily due to the high revenue from a new game launched late 2022 not being sustained. As the company’s interim results are not yet finalized, caution is advised when dealing with its shares.
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