Forgame Holdings (HKG:0484) expects a loss of at least 59 million yuan for 2024, wider from a 17.6 million yuan loss a year prior, a March 7 filing by the mobile game developer with the Hong Kong bourse said.
The wider anticipated loss was mainly due to a decrease in the recovery of previously impaired corporate loans, a higher loss from daily operations, a decline in gain from investments at fair value through profit or loss and other comprehensive income, and a lower share of profits of associates.
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