"Profit Warning" DOUMOB estimates that its losses for the half-year will expand to at least 11.5 million RMB

DOUMOB (01917.HK) issued a profit warning, expecting a loss of between RMB 11.5 million and RMB 12.5 million for the six months ending in June, compared to a loss of RMB 4.1 million in the same period last year. The increase in losses is mainly due to a seasonal rise in operating costs and the provision for expected credit losses on financial assets, leading to an increase in the loss amount