Orange Sky Warns of Rising Net Loss in 2024

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

Orange Sky Golden Harvest Entertainment anticipates a significant increase in net loss for the first half of 2024, projecting a net loss of no more than HK$100 million, a considerable rise from the HK$24.4 million net loss in the same period of 2023. Factors contributing to the loss include a non-recurring gain from a joint venture disposal, impairment losses, and decreased gross profit leading to higher operating losses. Investors are urged to exercise caution when dealing with company securities during this period of financial assessment.

For further insights into HK:1132 stock, check out TipRanks’ Stock Analysis page.