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The latest update is out from Homeland Interactive Technology Ltd. ( (HK:3798) ).
Homeland Interactive Technology Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024. The company experienced a 22.1% drop in revenue and a 45.6% decrease in gross profit compared to the previous year. The net loss before income tax was RMB 91,542 thousand, a stark contrast to the profit of RMB 501,097 thousand in 2023. The decline in revenue was primarily attributed to a decrease in sales from self-developed mobile games and advertising revenue. These results may impact the company’s operations and market positioning, raising concerns among stakeholders about future profitability.
More about Homeland Interactive Technology Ltd.
Homeland Interactive Technology Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the development and distribution of mobile games. The company’s market focus includes self-developed mobile games and third-party mobile games, with additional revenue generated from in-game advertising.
YTD Price Performance: -9.29%
Average Trading Volume: 275,286
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.63B
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