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Shaw Brothers Posts Sharp Revenue Decline

Shaw Brothers Posts Sharp Revenue Decline

Shaw Brothers Holdings Limited (HK:0953) has released an update.

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Shaw Brothers Holdings Limited reported a significant decline in revenue and a net loss in their unaudited interim results for the first half of 2024, with a 79% decrease in revenue from film and drama segments and a 45.6% drop in artiste and event management earnings. Despite this, the company has completed shooting a new drama and is engaged in co-production projects set to launch in late 2024 or 2025. No interim dividend was recommended by the Board.

For further insights into HK:0953 stock, check out TipRanks’ Stock Analysis page.

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