Brief: Forgame Holdings Ltd issues profit warning for HY ending Dec 31 2016

Forgame Holdings

11/11/2016 13:54

Nov 11 (Reuters) - Forgame Holdings Ltd  0484.HK  
    * Group may record a net loss of between approximately 
RMB131 million and RMB151 million for six months ending 31 
december 2016 
    * number of investments (including but not limited to major 
investments) in investment portfolio will continue to face 
challenges 
    * resolved that it is not in group's economic interest to 
provide additional funding to these investments 
    * Anticipates that provision for investment and impairment 
loss in an estimated amount of between RMB50 million and RMB75 
million will be made for hy 
    * Expected result due to expected increase in marketing and 
promotional expenses to be spent on overseas game "liberator" 
    * Repositioning plan will lead to majority of certain 
one-off exceptional losses in range of between about RMB44 
million and RMB48 million for six months ending 31 dec 
    * Expected losses will primarily be caused by expected costs 
of closing down group's taiwan office and related asset 
write-offs 
 
Source text for Eikon:  ID:nHKSq2WJy  
Further company coverage:  0484.HK  
 
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