AMUSE GROUP (08545) announced that it is expected to turn a loss into a profit in the mid-term performance compared to the same period last year, with a profit of not less than 1 million Hong Kong dollars.

AMUSE GROUP (08545) announced that it expects to achieve a net profit attributable to company owners of no less than HK$1 million for the six-month period ending on September 30, 2024, while in the same period in 2023, it incurred a loss of approximately HK$620,000. The profit is mainly attributed to the continuous increase in bank interest income from bank deposits in a high-interest rate environment; fair value gains from financial assets recognized in the income statement at fair value; cost control by management leading to a reduction in administrative expenses; and an improvement in the gross profit margin from the sale of ODM toys to franchise holders.