Summary by Moomoo AI
NEW VISION INTERNATIONAL DEVELOPMENT LIMITED (“NEW DREAM INTERNATIONAL”) ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FULL YEAR ENDED DECEMBER 31, 2023, BY ITS LISTED SUBSIDIARY, NOVA SCOA ENTERTAINMENT LIMITED (“NEW DREAM ENTERTAINMENT”). Novo BoA Entertainment disclosed related financial data in Hong Kong and the United States on 29 February 2024 and 22 March 2024, respectively. The US pre-registered shares of Novo Boa Entertainment are listed on Nasdaq Global Select Markets in the US. For the fourth quarter of 2023, Novo Boa Entertainment recorded a net loss of $205,900,000, down from a net loss of $251,900,000 for the same period in 2022. Net loss for the full year was $326,900,000, a significant decrease from $930,500,000 in 2022. In addition, after evaluating the cumulative consolidated net loss for the past three years, Nova Amusement decided to reduce the net deferred tax asset value from the full $49,300,000 to zero. The relevant financial statements have been adjusted to reflect the above changes.