Homeland Interactive Anticipates Major Profit Decline

Homeland Interactive Technology Ltd. (HK:3798) has released an update.

Homeland Interactive Technology Ltd. has issued a profit warning, anticipating a significant drop in revenue and profits for the first half of 2024, with revenues expected to decrease by 12.4% and profits to plummet over 90% compared to the same period in 2023. The decline is attributed to increased costs, heightened competition, and escalated marketing efforts. Investors are urged to exercise caution and await the finalized interim results due to be published on August 28, 2024.

For further insights into HK:3798 stock, check out TipRanks’ Stock Analysis page.