Forgame Holdings Ltd. (HK:0484) has released an update.
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Forgame Holdings Limited reported a significant revenue increase of 60.1% in the first half of 2024, reaching RMB 37.4 million, despite a challenging global economy marked by inflation and geopolitical tensions. The company has actively adapted by enhancing risk management, exploring new game developments, and advancing in electronic trade and innovative business transformations. However, they faced a gross profit decline and increased expenses, resulting in a loss for the period that was 14.2% higher than the previous year.
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