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01753 DUIBA
RTNominal down0.295 -0.005 (-1.667%)
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10/08/2021 15:40

Duiba (01753) sees 200% increase in interim profit

[ET Net News Agency, 10 August 2021] Duiba Group Limited (01753) said for the six
months ended 30 June 2021, the group is expected to record (i) an increase of no less than
50% in revenue for the six months ended 30 June 2021 as compared with the same period of
2020; (ii) an increase of no less than 350% in adjusted profit for the six months ended 30
June 2021 as compared with the same period of 2020; and (iii) an increase of no less than
200% in profit attributable to owners of the parent company for the six months ended 30
June 2021 as compared with the same period of 2020.
The above changes were mainly due to significant growth in the interactive advertising
business of the company arising out of the overall recovery of advertisers' budget as a
result of the stabilization of macroeconomic growth in the first half of 2021, and the
improvement in advertising efficiency as a result of technology improvement on one hand;
and on the other hand, a significant rise in the revenue from the SaaS business of the
company arising out of an increase in the purchases per customer transaction and the
number of customers as a result of the continued deepening of cooperation between
financial customers (including banks) and the company in user management SaaS, and more
diversified functional modules of paid products. (RC)

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