China Star Entertainment Group (00326) announced that the group expects to achieve a comprehensive loss for the six months ending on June 30, 2024...
According to the Zhitong Finance and Economics APP, China Star Entertainment Group (00326) announced that the group expects to incur a comprehensive loss of HK$0.115 billion to HK$0.135 billion for the six months ending on June 30, 2024, compared to HK$82.446 million for the same period ending on June 30, 2023.
The announcement stated that the increase in losses is mainly due to a significant increase in market promotion, sales, and issuance expenses generated by property sales and multimedia and entertainment operations, with market promotion, sales, and issuance expenses increasing to approximately HK$49 million (for the six months ending on June 30, 2023: HK$12.36 million); and administrative expenses of about HK$64 million (for the six months ending on June 30, 2023: HK$50.304 million), mainly including employee welfare expenses increasing from HK$25.736 million in the same period last year to around HK$44 million.
