FingerTango Posts Profit in H1 on Lower Expenses

MT Newswires Live09-30

FingerTango (HKG:6860) reported a profit attributable to the owners of 9.2 million yuan for the six months ended June 30, compared with a loss of 21 million yuan in the same period in the previous year, according to its interim report filed with the Hong Kong Bourse on Monday.

Earnings per share were 0.0048 yuan, compared with a loss per share of 0.0111 yuan a year ago.

The turnaround was primarily attributable to a growth in gross profit, decrease in administrative expenses as well as lower research and development expenses, according to the filing.

The mobile games publisher's revenue grew 5.0% year over year to 328.3 million yuan from 312.6 million yuan in the prior year attributed to advertising and promotion of certain games, the filing said.

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