Gala Technology Holding Limited (HK:2458) has released an update.
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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.
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