IGG (00799) announced its 2023 results, with revenue of approximately HK$5.266 billion, an increase of 14.69 percent over the previous year...
According to the Zhitong Finance App, IGG (00799) announced its 2023 results, with revenue of about HK$5.266 billion, up 14.69% year on year; annual profit attributable to the company's equity shareholders of HK$73.53 million, loss due in 2022 was about HK$504 million; adjusted net profit of about HK$115 million, and adjusted net loss of about HK$406 million in 2022.
The Group's classic product “Kingdom Era” has been on the market for nearly eight years, with steady revenue, contributing more than HK$3.1 billion in revenue to the Group. During the year, the Group increased the promotion of two new strategic games. “Doomsday: Last Survivors” and “Viking Rise” contributed nearly HK$700 million and HK$400 million in revenue respectively, with strong growth potential. In terms of the APP business, 2023 saw rapid growth, with revenue of HK$580 million, accounting for about 11% of the Group's revenue. The two strategic new game and app businesses not only boosted the Group's annual revenue by 15% year-on-year to HK$5.3 billion, but also contributed more than HK$160 million to the Group's profit in the second half of 2023, opening a new chapter of diversified growth. In terms of regional distribution of revenue, revenue from the Asian, European and North American markets accounted for 44% and 28% of the Group's revenue, respectively, and 3%.
In terms of profit, thanks to the contribution of the aforementioned business and the continuous optimization of various resources, the Group made a significant profit of over HK$430 million in the second half of 2023, helping to turn a loss into a profit for the whole year, with an annual profit of HK$73 million. Among them, the main business made a profit of about HK$380 million in the second half of the year, sweeping away the loss situation in the previous phase and making a profit of over HK$17 million for the whole year, recovering profits; in terms of investment business, the valuation gain of the investment target was recognized this year, and the annual investment profit was over HK$55 million.