GAMEONE (08282) issues profit warning, expecting the net loss for the year 2024 to decrease by about HK $1.4 million to about HK $2 million compared to the previous year.

GAMEONE (08282) announced that the Group is expected to incur a net loss ranging from approximately HK$1.4 million to approximately HK$2 million for the 2024 fiscal year (ending on December 31, 2024), while it incurred a net loss of approximately HK$33 million for the same period in 2023. The announcement stated that the decrease in expected net loss is mainly attributed to (i) an increase in gross profit margin; (ii) a decrease in advertising expenses; and (iii) a decrease in staff costs and office supplies expenses, resulting in lower administrative expenses.