|Expecting an Interim Net Profit of RMB38.0 Million|
HONG KONG, July 6, 2021 – (ACN Newswire) – A provider of integrated marketing solutions in Greater China, Activation Group Holdings Limited (“Activation” or the “Company”, collectively, the “Group”, stock code: 9919), today issued a positive profit alert. Based on a preliminary review of the unaudited management accounts of the Group for the six months ended 30 June 2021 (the “Interim Period”), the Group is expected to record a net profit of approximately RMB38.0 million for the Interim Period, as compared to the net loss of approximately RMB20.0 million for the six months ended 30 June 2020.
Based on the relevant information available, the expected increase in the net profit of the Company for the Interim Period is mainly attributable to the overall increase in the revenue generated from the integrated marketing businesses due to the recovery of the economy in the PRC as the COVID-19 pandemic gradually came under control which offset the adverse effect of the outbreak of pandemic in early 2020 on the revenue of the Group.
About Activation Group Holdings Limited
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