"GALA TECH HOLD" expects mid-term net profit to increase by up to 1.15 times

GALA TECH HOLD (02458.HK) issued a profit warning, expecting to record revenue of RMB 460 million to 470 million for the six months ending June this year, an increase of approximately 46% to 49% compared to the same period last year; net profit is expected to be between RMB 50 million and 55 million, representing an annual growth of approximately 96% to 115%.

The group's expected net profit growth is mainly due to the comprehensive upgrades of the group's core game "Best Club" in terms of core gaming experience, IP content depth, and operational richness, significantly enhancing the product's competitiveness in the niche market, leading to a substantial increase in revenue; and the strong performance of the new game "NBA Peak Showdown" launched in August last year