Icon Culture Global Company Limited provides unaudited consolidated earnings guidance for the year ended 31 December 2022. The Group is expected to record a net loss of not more than RMB 42 million for the Year (the year ended 31 December 2021: net profit RMB 4.9 million). The expected loss was mainly due to: (i) the decrease in revenue generated from traditional offline media advertising services which has higher profit margin as some of the major customers that were affected by the COVID-19 pandemic had substantially reduced their traditional offline media advertising budget during the Year; (ii) increase in credit loss allowance for the trade receivables with slow collection, and (iii) increase in operation costs as the Group continued to expand the service capabilities for live-streaming e-commerce business.
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5-day change | 1st Jan Change | ||
0.365 HKD | -1.35% | -22.34% | -53.21% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-53.21% | 10.09M | |
+17.50% | 7.18B | |
-14.04% | 1.84B | |
-5.95% | 1.26B | |
-16.08% | 1.08B | |
-49.99% | 479M | |
+0.34% | 557M | |
-29.56% | 515M | |
+8.70% | 437M | |
-32.44% | 377M |
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- Icon Culture Global Company Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2022