CMGE Reports Loss but Maintains Positive Outlook

CMGE Technology Group Limited (HK:0302) has released an update.

CMGE Technology Group Limited reported a 19.7% decrease in revenue for the six months ending June 30, 2024, with a net loss of RMB 241.1 million due to deferred game launches and impairment provisions. Despite the setbacks, the company’s core operations remained profitable, and with upcoming game releases and obtained licenses, CMGE anticipates an improved performance in the latter half of 2024.

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