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2024 Profit to Slide Up to 45%","url":"https://stock-news.laohu8.com/highlight/detail?id=2505760973","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2505760973?lang=en_us&edition=fundamental","pubTime":"2025-01-22 14:47","pubTimestamp":1737528468,"startTime":"0","endTime":"0","summary":"Zengame Technology  expects a year-over-year decline of around 35% to 45% in attributable profit for the year 2024, a Tuesday bourse filing said.The mobile game developer attributed the lower anticipated profit mainly to a 15% to 25% drop in revenue, a 5% to 10% lower gross profit margin, and an additional 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developer and operator Zengame Technology Holding 2660.HK drop as much as 13.6% to HK$2.22, their lowest since January 2023** Stock set for biggest one-day pct decline since March 22, 2024; on track to snap two straight sessions of gains** Zengame forecasts its 2024 net profit to drop by 35%-45% year-on-year amid a 15%-25% decline in revenue due to lower-than-expected sales of new products, game features during a downturn in the gaming market in 2024** Company also expects a decline in gross profit margin of 5%-10% amid higher gaming operational costs** Hang Seng Tech Index .HSTECH falls 2% and Hang Seng Index .HSI eases 1.3%** Stock dropped 51.4% last year  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