ACN Newswire

Joy Spreader Announces 2020 Annual Results

indie
5 minutes

HONG KONG, Mar 20, 2021 - (ACN Newswire via SEAPRWire.com) - Joy Spreader Interactive Technology. Ltd ("Joy Spreader" or the "Company", Stock Code: 06988.HK) is pleased to announce the audited consolidated results of the Company and its subsidiaries (collectively, the "Group") for the year ended December 31, 2020, with the comparative figures for the preceding financial year.RESULTS HIGHLIGHTS- The revenue was HK$923.92 million, representing an increase of 71.73% as compared with that of last year.- The profit for the year (excluding the impact of non-recurring profit or loss) was HK$220.69 million, representing an increase of 121.42% as compared with that of the year.- The gross profit was HK$301.56 million, representing an increase of 126.98% as compared with last year.- The gross profit margin increased from 24.70% in the same period last year to 32.64% in 2020.In 2020, with the rapid development of the mobile-new-media industry and significant market demands for performance-based marketing and traffic monetization, Joy Spreader won the favor of numerous industry clients and content publishers with a leading position in MarTech. During the year, the number of new clients, market...

ACN Newswire

Positive profits expected to double in 2020, revealing the growth “secret” behind Joy Spreader’s outstanding performance

indie
10 minutes

HONG KONG, Feb 10, 2021 - (ACN Newswire) - On February 8, Joy Spreader published an announcement to alert that its results in 2020 would achieve substantial growth over 2019.According to the announcement, the Company's revenue in 2020 is expected to range from approximately HK$880 million to HK$920 million, an increase ranging from around 63.6% to 71.0% as compared to 2019. The gross profit is expected to range from roughly HK$260 million to HK$300 million, an increase ranging from approximately 95.5% to 125.6% as compared to 2019. The profit before exchange gains and losses is expected to range from roughly HK$170 million to HK$200 million, representing an increase ranging from about 123.7% to 163.2% year on year, equivalent to 2.2 times to 2.6 times compared to the same period in 2019.As disclosed in the prospectus, Joy Spreader's revenue reached a CGAR of 87% and the net profit reached a CGAR of 63% between 2017 and 2019. In the first half of 2020, the revenue and net profit increased by 66.2% and 123.3% year on year, respectively.Since before listing, Joy Spreader has maintained a strong momentum of continuous rapid growth in performance. The growth "secret" behind the outstand...