Icon Culture Global Company Limited provides unaudited consolidated earnings guidance for the year ended 31 December 2022. The Group is expected to record a net loss of not more than RMB 42 million for the Year (the year ended 31 December 2021: net profit RMB 4.9 million). The expected loss was mainly due to: (i) the decrease in revenue generated from traditional offline media advertising services which has higher profit margin as some of the major customers that were affected by the COVID-19 pandemic had substantially reduced their traditional offline media advertising budget during the Year; (ii) increase in credit loss allowance for the trade receivables with slow collection, and (iii) increase in operation costs as the Group continued to expand the service capabilities for live-streaming e-commerce business.
Market Closed -
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5-day change | 1st Jan Change | ||
0.36 HKD | -1.37% | -14.29% | -53.85% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-53.85% | 10.09M | |
+16.58% | 7.18B | |
-15.79% | 1.84B | |
-7.75% | 1.26B | |
-18.46% | 1.08B | |
+5.86% | 557M | |
-33.86% | 515M | |
-52.14% | 479M | |
+8.82% | 435M | |
-34.95% | 377M |
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- Icon Culture Global Company Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2022