Earnings Season Preview: 23Q3
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KUAISHOU-W Foresees 1H23 Turnaround to Profit At Least RMB560M
$KUAISHOU-W(01024.HK)$ issued a positive profit alert, anticipating to record a net profit of the Group of no less than RMB560 million for the six months ended June 30, 2023, which represents a turnaround from the net loss of the Group of approximately RMB9.43 billion recorded for the same period in 2022.
The Board considered that the turnaround was primarily attributable to increasing scale of user community and a robust ecosystem, strong growth in revenues benefiting from enhanced monetization strategy, and continued improvement in operating efficiency.
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