China Partytime Culture Holdings Ltd. (HK:1532) has released an update.
China Partytime Culture Holdings Ltd. reported a modest improvement in its financial performance for the first half of 2024, with a slight operational profit of RMB 1,113,000 compared to a loss in the previous year. Despite a decrease in revenue and some losses including an impairment on property, plant, and equipment, the company managed to reduce its overall loss to RMB 527,000 and achieved a total comprehensive income of RMB 435,000. This rebound is attributable to the owners of the company, indicating a potential turnaround from past financial challenges.
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