Zhitong Financial APP News, Landing International (00582) announced that compared with the same period in 2021, the group is expected to achieve a significant increase of about 45% in consolidated income and a decrease in consolidated net loss of about 65% to 85% in the six months ended June 30, 2022 (the "current period").
It is expected that the increase in consolidated income and the decrease in consolidated net loss during the period are mainly due to a series of marketing activities that have promoted local consumption in Jeju Myth World, resulting in an increase in income generated by the integrated resort division and an increase in residential property sales activities. Amortization and depreciation decreased; strict cost control reduced operating expenses; the fair value of investment property increased And to recognize the potential impact of the impairment of intangible assets and the reversal of the impairment of trade and other receivables.
As of the date of this announcement, the Group is still assessing the impairment loss on intangible assets, if any. Despite the decline in revenue from the gaming business, the consolidated net loss for the period is expected to decrease by about 65% to 85% compared with the same period in 2021.