BUZZ-Chinese game publisher XD jumps on robust 2024 earnings outlook

Reuters
03-05
BUZZ-Chinese game publisher XD jumps on robust 2024 earnings outlook

** XD Inc 2400.HK jumps 14.7% to HK$36.2, highest since February 18

** Stock set for biggest one-day pct gain since February 6

** Chinese game publisher expects 2024 net profit in 860 mln yuan (~$118 mln)-940 mln yuan range vs year-ago net loss of 65 mln yuan

** Sees rev rising 46.3%-48.7% y/y as newly launched self-developed games boost rev, gross profit margin

** Stock up ~41% YTD

($1 = 7.2695 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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