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Orange Sky Golden Harvest Reports Increased Losses Amid Revenue Decline

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Orange Sky Golden Harvest Reports Increased Losses Amid Revenue Decline

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Orange Sky Golden Harvest Entertainment (Holdings) Limited ( (HK:1132) ) has shared an announcement.

Orange Sky Golden Harvest Entertainment (Holdings) Limited reported a 7% decrease in revenue from continuing operations for the year ended December 31, 2024, primarily due to the absence of strong film titles. The company faced a significant increase in losses attributable to equity holders, rising from HK$90.4 million in 2023 to HK$242.6 million in 2024, largely due to impairment losses on non-financial assets and a decrease in gross profit, despite an improved gearing ratio.

More about Orange Sky Golden Harvest Entertainment (Holdings) Limited

Orange Sky Golden Harvest Entertainment (Holdings) Limited operates in the entertainment industry, primarily focusing on film production, distribution, and cinema operations. The company is known for its contributions to the Asian film market, particularly in Hong Kong and China.

Average Trading Volume: 1,455,395

Technical Sentiment Signal: Buy

Current Market Cap: HK$112M

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