Grand Vision Media Optimistic Despite First Half Losses

Grand Vision Media Holdings plc (GB:GVMH) has released an update.

Grand Vision Media Holdings plc reported a decline in revenue and a loss after tax for the first half of 2024, amidst a challenging economic environment with global uncertainty and a weak RMB. Despite these setbacks, the company remains optimistic for the latter half of the year, expecting positive results from new commodity marketing ventures and a recovery in the Chinese travel market, as well as less reliance on the Mainland China market due to new partnerships in Europe and Southeast Asia.

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