0302.HK

Mobile game developer and publisher CMGE Technology Group Ltd. (0302.HK)warned on Sunday that it expects to report an interim loss of up to 243 million yuan ($34 million), reversing a profit of 51 million yuan in the year-ago period.

It blamed its swing into the red mainly on non-operating factors, such as lower non-operating gains in the latest period versus a year ago, and higher non-operating expenses compared with a year ago. It added that its self-developed game “Legend of Sword”was also in its testing phase and therefore unable to generate revenue during the reporting period

By Lau Chi Hang

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