Mei Ah Entertainment Group Limited (HK:0391) has released an update.
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Mei Ah Entertainment Group Limited has issued a profit warning, anticipating a significant loss of HK$30-40 million for the six months ending September 2024, compared to a HK$4.5 million loss in the same period last year. The decline is attributed to decreased revenue from film exhibition and rights licensing, poor performance of a film and musical release, and increased revaluation deficit of investment properties. Investors are advised to exercise caution when dealing with the company’s shares.
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