STAR CM Holdings Limited (HK:6698) has released an update.
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STAR CM Holdings Limited has issued a profit warning indicating a significant expected decrease in revenue and an increase in net loss for the first half of 2024 compared to the same period in 2023. The preliminary numbers suggest revenues could fall to between RMB 68.6 million and RMB 73.6 million, with net losses ranging from RMB 53.5 million to RMB 58.5 million. This financial downturn is attributed to a reduction in the number of variety programs produced by the company.
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