New Silkroad Culturaltainment Ltd. (HK:0472) has released an update.
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New Silkroad Culturaltainment Ltd. has issued a profit warning, anticipating an increased loss of HK$60-70 million for the first half of 2024, significantly higher than the previous year’s loss. This downturn is largely due to the disposal of a loss-making entertainment investment and a struggling wine business amid a sluggish global economy. The company is considering divesting other loss-making segments to refocus on profitability.
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