Brief: Forgame Holdings issues profit warning

Forgame Holdings

24/05/2016 13:14

May 24 (Reuters) - Forgame Holdings Ltd  0484.HK : 
 * Inside information and profit warning  0484.HK  
 * "Has resolved that it is not in the group's economic interest to provide additional funding to these investments" 
 * May record a net loss (excluding the expected investment loss) of between approximately RMB56 million and RMB66 million for six months ending 30 June 2016 
 * Fund raising market for small gaming studios and publishers continued to be challenging " 
 * "Additional time and funding would be required to further fine-tune the products to meet the group's expectations" 
 * Expected increase in net loss due to decrease in revenue as result of expected delay in launching of certain game titles 
 * Anticipates that provision for investment and impairment loss between about RMB50 million-RMB60 million will be made for 6 months ending 30 June 
 * Source text for Eikon  ID:nHKSb42yC8  
 
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