IGG Inc Provides Consolidated Guidance for the Year Ended 31 December 2022
March 06, 2023 at 05:12 am EST
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IGG Inc. provided consolidated guidance for the year ended 31 December 2022. For the period, the company it is expected that the Group will record a net loss of approximately HKD 490 million to HKD 510 million for the Year of 2022, of which the net loss for core game business1 is approximately HKD 170 million to HKD 180 million, and the gain or loss on investments is expected to record a net loss of approximately HKD 320 million to HKD 330 million. The net profit of the Group for the year ended 31 December 2021 was HKD 370 million, of which the net profit for core game business was HKD 420 million, and the gain or loss on investments was a net loss of HKD 50 million.
IGG Inc is a Singapore-based investment holding company. The Company is principally engaged in the development and operation of mobile online games with a global presence and international customer base. The Company is focused on investing in mobile Internet and gaming-related companies and funds. The Company's geographical segments include Asia, North America, Europe, and Others. The Company's games include, Yeager (Hunter Legend), Lords Mobile, Time Princess, Mobile Royale, Castle Clash, New Titles, Mythic Heroes, Deck Heroes, Deck Heroes, Rage of Destiny, Dawn of Dynasty and Texas HoldEm Poker Deluxe. The Company offers mobile games and applications in approximately 23 different languages. The Company's subsidiaries include Fuzhou TJ Digital Entertainment Co., Ltd, Fuzhou Skyunion Digital Co., Ltd, Hainan Tianzhi Network Technology Co., Ltd, IGG (Hainan) Capital Co., Ltd., IGG Capital, IGG Capital Limited and others.