tiprankstipranks
Cathay Group Holdings Projects Profit Surge
Company Announcements

Cathay Group Holdings Projects Profit Surge

Cathay Media and Education Group Inc. (HK:1981) has released an update.

Don't Miss our Black Friday Offers:

Cathay Group Holdings Inc. announces a positive profit alert, expecting to report a profit of over RMB 50.0 million for the first half of 2024, a significant turnaround from the previous year’s loss of RMB 109.9 million. The improvement is attributed to decreased impairment losses in their TV/film production and increased revenue from their new livestreaming e-commerce and artist management business. Investors are cautioned that these are preliminary unaudited figures and to await the official interim results announcement on August 29, 2024.

For further insights into HK:1981 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App