Summary by Moomoo AI
IGG Inc. published its annual report for the fiscal year ended 31 December 2023, announcing annual profit of HK$7300 million. The company's revenue grew 15% year-on-year to HK$52.7 billion, and gross profit grew 24% to HK$39.2 million, and gross profit was 74%. Administrative and R&D expenses decreased by 13% and 28% respectively, and net cash flow from operating activities was HK$1,286 million. During the reporting period, the Company did not propose a final dividend. In terms of business operations, games such as Age of Kingdoms, Doomsday: Last Survivor and Rise of the Vikings performed strongly, with steady revenue and new games and mobile app businesses driving revenue growth. The Company implemented the Share Award Scheme and Performance Award Scheme to incentivise employees, but...Show More