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IMAX China Holding ( (HK:1970) ) has shared an update.
IMAX China Holding, Inc. has announced its consolidated annual results for the year ending December 31, 2024, reporting a decrease in revenues from the previous year, with a total comprehensive income of $20.3 million attributable to the owners of the company. Despite the decrease in revenue, the company managed to maintain a strong operating profit, highlighting efficient cost management and a decrease in selling, general, and administrative expenses. This announcement follows the release of financial results and an annual report by its controlling shareholder, IMAX Corporation, which may influence stakeholders’ perceptions of IMAX China’s financial health and future prospects in the entertainment market.
More about IMAX China Holding
IMAX China Holding, Inc., incorporated in the Cayman Islands, operates within the entertainment industry, focusing primarily on providing IMAX theater systems and related services. The company is a subsidiary of IMAX Corporation, which is its controlling shareholder.
Average Trading Volume: 6,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $390.1M
Find detailed analytics on 1970 stock on TipRanks’ Stock Analysis page.
