Gala Technology Holding Limited (HK:2458) has released an update.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Gala Technology Holding Limited warns of a revenue and net profit decrease for the first half of 2024 compared to the previous year, attributing the decline to promotional costs for newly launched games, a natural drop in revenue from older games, and increased R&D expenses. Despite the downturn, the company is optimistic about the launch of new games like NBA Rivals and Codename: Fishing Master, which are expected to reinvigorate earnings. Investors are advised to exercise caution when trading company shares until the official results are published.
For further insights into HK:2458 stock, check out TipRanks’ Stock Analysis page.