Financial

CMON Announce “Significant” Increase in Profit for 2018

CMON have announced a “significant” increase in profit for 2018 as compared with the loss for the nine months ending in September. The company attributed the increase in revenue to Kickstarter projects during the last quarter of 2018. The company said the increase would be lower than 2017 due to expenses incurred in game development, increased royalty expense for newly licensed games, expenses related to opening new markets in Asia, and the preparation to transfer to the Main Board of the Hong Kong exchange. The company warned that this information came from unaudited financial statements and is subject to change.

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