MOST KWAI CHUNG (01716) announces a profit, expecting a mid-term net profit not exceeding HKD 5 million, turning from a loss to a profit year-on-year.

MOST KWAI CHUNG (01716) announced that it is expected to achieve a comprehensive net profit of not more than HK$5 million for the six months ending September 30, 2024 (the current period), compared to a comprehensive net loss of approximately HK$2 million for the six months ending September 30, 2023 (the corresponding period). The expected turnaround from a comprehensive net loss to a profit is mainly due to the following factors: an increase in the number of clients and marketing expenses of the Digital Media Services division; an increase in revenue from organizing performance activities in the current period, which were not organized in the corresponding period; and an increase in fair value gain on the phased acquisition of a 31% equity interest in To Be Honest Limited during the current period.