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Express News | China Star Entertainment H1 Net Income HKD -135.5 Million
CHINA STAR ENT: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30TH JUNE 2024
China Star Group (00326.HK) expects to increase its mid-term losses.
Glory Times reported on August 27 that China Star Group (00326.HK) announced that the group is expected to record a comprehensive loss of HK$115,000,000 to HK$135,000,000 for the six months ended June 30, 2024, compared to HK$82,446,000 for the same period. The increased loss is mainly due to significant marketing, sales, and distribution expenses incurred in property sales, multimedia, and entertainment operations, with marketing, sales, and distribution expenses increasing substantially to approximately HK$49,000,000 (compared to HK$12,360,000 for the same period last year), and administrative expenses of about 64.
China Star Group (00326) issued a profit warning, with an expected mid-term loss of approximately 0.115 billion-0.135 billion Hong Kong dollars, an expansion of the year-on-year loss.
China Star Group (00326) announced that the group expects to achieve comprehensive results for the six months ended June 30, 2024...
Ping An Securities: The supply side of the movie theater line sector is gradually recovering, and the gaming sector may usher in a new round of product cycle.
With the encouragement and support of national policies, the gaming and IP reserve products are abundant, and the gaming sector may usher in a new product cycle.
CHINA STAR ENT: SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
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