BRIEF: Boyaa profit falls up to 35% in first half of 2025
Online game company Boyaa Interactive International Ltd. (0434.HK) said on Tuesday it expects to report its profit in the first half of 2025 fell 25% to 35%. That would translate to a profit between HK$200 million ($25 million) and HK$235 million, based on last year’s restated first-half profit of HK$313 million.
The company attributed the decline to revenue that fell below expectations, coupled with reduced bank deposits from cryptocurrency purchases, which decreased interest income during the period compared to earlier forecasts.
Shares of Boyaa opened down 4.1% at HK$7.5 on Wednesday and continued to fall. The stock is down over 65% since the beginning of this year.
By Lau Chi Hang
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