Transmit Entertainment Posts Revenue Growth Amid Losses

Transmit Entertainment Ltd. (HK:1326) has released an update.

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.

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