Orange Sky Posts Increased Loss, Steady Gearing Ratio

Orange Sky Golden Harvest Entertainment (Holdings) Limited (HK:1132) has released an update.

Orange Sky Golden Harvest Entertainment reported a decrease in revenue by 5% to HK$377.6 million and an 11% drop in gross profit in the first half of 2024 compared to the same period in 2023. The company’s loss attributable to equity holders significantly increased to HK$81 million, largely due to a one-time net gain from a joint venture disposal, impairment losses, and reduced gross profit. Despite these challenges, the company’s gearing ratio remained stable at 13%.

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