Huanxi Media Group Faces Interim Financial Downturn

Huanxi Media Group Ltd. (HK:1003) has released an update.

Huanxi Media Group Ltd. reports a challenging interim financial performance for the first half of 2024, with a notable shift from a profit of HK$400,769,000 in the previous year to a loss of HK$89,049,000. This downturn is reflected in their revenue drop and increased losses from film investments, compounded by higher costs of revenue and selling, distribution, and administrative expenses.

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