Excerpt:
The board of directors (the "Board") of the Company wishes to inform the shareholders of the Company (the "Shareholders") and potential investors of the Company that, based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2018 and other information currently available to the Board, and notwithstanding the negative impact arising from the unrealised loss on financial investment of US$22 million, the profit attributable to the Shareholders for the six months ended 30 June 2018 is expected to be at least US$12 million, representing a significant increase as compared with a profit of US$3 million in the corresponding period in 2017. The profit increase was primarily attributable to (i) a significant increase in revenue of the Group, mainly driven by a 58% year-on-year growth in the revenue of the Group's flagship video game product, Warframe; (ii) an improvement of the Group's gross profit margin due to the economies of scale enjoyed upon the steady growth of the gaming business; and (iii) a reduction in finance costs due to the full repayment of the fixed coupon redeemable bond during the year ended 31 December 2017.
