China Star Entertainment’s Losses Deepen Despite Revenue Hike

China Star Entertainment (HK:0326) has released an update.

China Star Entertainment Limited reported a substantial increase in revenue to HK$193.3 million for the first half of 2024 compared to HK$121.1 million in the same period the previous year, yet the company experienced a significant loss from operations, amounting to HK$58.8 million, and a net loss of HK$134.2 million, deepening from HK$82.4 million reported in the first half of 2023. The losses were attributed to increased administrative expenses, marketing costs, and losses on financial assets, despite a slight gain from investment property valuation.

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