G.H.Y Culture & Media Addresses Financial Queries and Strategic Acquisition

G.H.Y Culture & Media Holding Co., Ltd. ( (SG:XJB) ) has issued an update.

G.H.Y Culture & Media Holding Co., Ltd. addressed shareholder queries regarding its financial performance and strategic decisions at its upcoming Annual General Meeting. The company explained that the low gross profit margin in its TV program and film production segment was due to COVID-19 related cost overruns, which were recognized upon the sale of completed dramas. Additionally, the acquisition of Orita Sinclair School of Design and Music was justified by potential synergies and future opportunities, despite the school’s recent financial losses.

More about G.H.Y Culture & Media Holding Co., Ltd.

G.H.Y Culture & Media Holding Co., Ltd. is involved in the TV program and film production industry, concert production, costumes, props and make-up services, and talent management services. The company focuses on content production and talent management, and has recently expanded its portfolio by acquiring a design and music school.

YTD Price Performance: 14.29%

Average Trading Volume: 132,921

Technical Sentiment Signal: Buy

Current Market Cap: S$171.8M

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