Summary by Futu AI
Most Kwai Chung Company Limited ("the Company") announced a positive profit forecast on November 15, 2024, expecting to record a consolidated net profit of no more than HKD 5,000,000 for the six months ending September 30, 2024, compared to a consolidated loss of HKD 2,000,000 for the same period in 2023, achieving a turnaround to profitability. This change is mainly attributed to an increase in clients and marketing expenditures for the digital media services division, enhanced income from organizing performances, and an increase in fair value gains from acquiring a 31% stake in To Be Honest Limited. The Company pointed out that these figures are based on preliminary assessments and have not been audited, with final data to be published by the end of November 2024.