Boyaa Interactive Expects Up to 420% Jump in H1 Profit

MT Newswires Live08-08

Boyaa Interactive International (HKG:0434) expects a profit increase of about 400% to 420% for the six months ended June 30, compared with a profit of about 55.6 million yuan in the previous year, according to a Wednesday filing on the Hong Kong bourse.

The company attributed the profit to increased revenue, the increase in fair value of the group's digital assets, and the reduction in the decreased fair value of financial assets such as equity investment partnerships.

The company operating online card and board games plans to publish its interim results by the end of August.

The company's shares were up by over 2% in the recent trading.

Price (HKD): $1.48, Change: $+0.04, Percent Change: +2.78%

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