XD (HKG:2400) expects a net profit between 860 million yuan and 940 million yuan for 2024, against a net loss of 65 million yuan in 2023, a Tuesday Hong Kong bourse filing said.

The game developer and publisher attributed the expected increase to a boost in revenue and gross profit margin from its newly launched games, while recording sustained growth for its game TapTap. These factors offset an increase in marketing expenses and a decrease in revenue from existing games.

The shares of the company were 13% up in recent trade.