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Universe Entertainment and Culture Group Company Limited ( (HK:1046) ) has issued an update.
Universe Entertainment and Culture Group Company Limited reported its unaudited interim results for the six months ending December 31, 2024, revealing a decline in total revenue from HK$296.4 million in 2023 to HK$249 million in 2024. The company faced a significant loss of HK$74.7 million compared to a profit of HK$52,000 in the previous year, primarily due to increased impairment losses related to film rights and films in progress, as well as reduced income from film distribution and exhibition.
More about Universe Entertainment and Culture Group Company Limited
Universe Entertainment and Culture Group Company Limited operates in the entertainment industry, focusing on video distribution, optical products, watches, and film distribution and exhibition. The company is involved in licensing and sub-licensing of film rights, catering to a diverse market within the entertainment sector.
YTD Price Performance: -6.25%
Average Trading Volume: 63,116
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$272M
For detailed information about 1046 stock, go to TipRanks’ Stock Analysis page.