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.
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5-day change | 1st Jan Change | ||
0.56 HKD | -18.84% | -15.15% | -28.21% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-28.21% | 19.09M | |
+12.02% | 6.79B | |
-34.65% | 1.39B | |
-11.53% | 1.18B | |
-27.92% | 920M | |
+29.97% | 495M | |
+21.98% | 474M | |
-45.77% | 407M | |
-26.90% | 399M | |
-32.75% | 380M |
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- Icon Culture Global Company Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2022