Flowing Cloud Technology to Swing to Loss in 2024

MT Newswires Live

2025/02/21

Flowing Cloud Technology (HKG:6610) expects to record a net loss between 20 million yuan and 50 million yuan for 2024, against a net profit of 263.9 million yuan in 2023, a Friday bourse filing said.

The media company attributed the expected swing to loss to an increase in research and development, and promotion expenses, and a decrease in revenue from augmented reality and virtual reality.

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