Pacific Online Limited Provides Earning Guidance for the Nine Months Ended 30 September 2021
November 22, 2021 at 11:36 am
Pacific Online Limited provides earning guidance for the nine months ended 30 September 2021. The Group is expected to record a net profit of approximately RMB 35 million for the Period as compared to a net profit of approximately RMB 99 million for the corresponding period in 2020, representing a decrease of approximately 65%. The expected result is primarily due to the global semiconductor chip shortage which reduced the marketing spending in automobile and electronics industries, the main source of revenue of the Group.