The Zhitong Finance App learned that IGG (00799) fell by more than 12% after the results. As of press release, it fell 8.68% to HK$3.26, with a turnover of HK$10.556 million.

According to the news, IGG announced annual results, with revenue of approximately HK$5.266 billion, up 14.69% year on year; the company's equity shareholders should account for annual profit of HK$73,053 million and losses due in 2022 of approximately HK$504 million; adjusted net profit of approximately HK$115 million, and adjusted net loss of approximately HK$406 million in 2022.

Notably, the company stated in its financial report that as we enter 2024, the game business continues to rise. The Group's overall turnover for the first quarter is expected to be close to HK$1.4 billion, an increase of about 20% over the same period last year. IGG is confident in its annual results and prospects are promising, but when the Group is focused on promotion, profits may be suppressed first and then increased.