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An update from Values Cultural Investment Limited ( (HK:1740) ) is now available.
Values Cultural Investment Limited has issued a profit warning, indicating an expected net loss between RMB90 million and RMB100 million for the year ending December 31, 2024. This anticipated loss is attributed to decreased revenue due to tighter procurement budgets of TV stations and online platforms, delays in broadcasting schedules, increased provisions for asset impairments, and slower collection of trade receivables. The company is still finalizing its annual results, which are expected to be released in late March 2025.
More about Values Cultural Investment Limited
Values Cultural Investment Limited operates in the media and entertainment industry, focusing on investments related to cultural content and media production.
YTD Price Performance: -21.25%
Average Trading Volume: 445,697
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$66.4M
For detailed information about 1740 stock, go to TipRanks’ Stock Analysis page.