Summary by Futu AI
Volcanic Holdings announced its annual results for the year ended 31 December 2023, showing Group revenue of approximately HK$134.9 million, an increase of 17.2% compared to 2022; gross profit of approximately HK$107.5 million, an increase of 40.3%; and a significant increase in profit for the year of approximately HK$572.5 million. The Board of Directors does not recommend the distribution of a final dividend. The company is primarily engaged in the development and operation of web games, mobile games, and provides related computer software development services. The annual results reflect the Company's growth in game development and publishing, as well as the contribution from non-recurring other income. Looking ahead, the company will further strengthen its game publishing and operations business and explore a variety of services. The annual results were approved by the Board of Directors on 28 March 2024.