Transmit Entertainment Ltd. (HK:1326) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Transmit Entertainment Limited reported a significant revenue increase to HK$292.6 million, up 75.8% for the fiscal year ending June 30, 2024, mainly driven by its TV production and distribution business in Mainland China. Despite this growth, the company faced a substantial loss of HK$350.5 million, attributed to post-pandemic production delays and a sizable impairment of goodwill. The board has decided against issuing a final dividend for the year.
For further insights into HK:1326 stock, check out TipRanks’ Stock Analysis page.