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An update from Universe Entertainment and Culture Group Company Limited ( (HK:1046) ) is now available.
Universe Entertainment and Culture Group Company Limited has issued a profit warning, expecting a significant increase in losses for the year ending June 30, 2025, compared to the previous year. The anticipated loss, ranging from HK$57.0 million to HK$67.0 million, is attributed to a substantial impairment loss on film rights and related assets due to decreased income expectations. Stakeholders are advised to exercise caution as the annual results are still being finalized.
More about Universe Entertainment and Culture Group Company Limited
Universe Entertainment and Culture Group Company Limited operates in the entertainment industry, focusing on film rights, films in progress, and related deposits. The company is incorporated in Bermuda and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 365,064
Technical Sentiment Signal: Buy
Current Market Cap: HK$408M
Find detailed analytics on 1046 stock on TipRanks’ Stock Analysis page.