HK-listed software firm Kingsoft climbs 7 pct on game approval optimism

Kingsoft

22/08/2018 08:44

** Shares in Kingsoft Corp Ltd  3888.HK  jump 7.2 pct to HK$
15.48, after the software developer and online game operator
says some video games have received regulatory approval despite
it posting a second-quarter loss in continuing operations  
    ** Stock set its best day since June 29
    ** Co says total revenue for Q2 rises 4.8 pct to 1.35
billion yuan ($196.39 million), and up 4.5 pct for H1 at 2.61
billion yuan
    ** However, the firm's Q2 continuing operations turn to a
loss of 40.6 million yuan compared with profit of 222.8 million
yuan in the same period last year  urn:newsml:reuters.com:*:nFWN1VC061
    ** Some new online games have received regulatory approval
and details will be released in the second half of 2018, says
Kingsoft's CFO
    ** Hong Kong's benchmark index  .HSI  gains 0.45 pct and the
Hang Seng Information and technology Index sector  .HSCIIT  is
up 1.6 pct
    ($1 = 6.8740 Chinese yuan)

 ((Reuters Messaging: Cheng.Li.thomsonreuters.com@reuters.net))