Homeland Interactive Technology Logs 93% Lower Attributable Profit in H1

MT Newswires Live09-16

Homeland Interactive Technology (HKG:3798) recorded a profit attributable to owners of 28 million yuan for the six months ended June 30, 92.9% lower than 395.3 million yuan logged for the corresponding period last year, a Monday filing with the Hong Kong Exchange said.

Earnings per share stood at 0.0223 yuan for the reporting period, compared to 0.3073 yuan recorded for the year-ago period.

The mobile card and board game developer's revenue for the first half of this year was 835.7 million yuan, 12.4% lower than 953.5 million yuan booked a year ago.

The company attributed the decrease in revenue to a decrease in revenue per paying player resulting from the lowering of recharge threshold and adjustment in the company's monetization strategy.

The company's shares were up over 2% in recent trade.

Price (HKD): $1.25, Change: $+0.030, Percent Change: +2.46%

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