Pacific Online (HK:0543) has released an update.
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Pacific Online Limited anticipates a significant financial turnaround, projecting a net profit of RMB 5 million to RMB 15 million for the first half of 2024, compared to a net loss in the same period last year. The expected profits are largely attributed to reduced advertising expenses and staff costs. However, the company advises caution to shareholders and potential investors as these figures are based on preliminary assessments and have not yet been audited.
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