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New Silkroad Culturaltainment Expects Wider Loss in H1
New Silkroad Culturaltainment (HKG:0472) expects a higher loss between HK$60.0 million and HK$70.0 million for the six months ended June 30, as compared to the loss of HK$18.6 million for the
New Silkroad Anticipates Sharper Losses
New Silkroad Culture Group (00472.HK) issued a profit warning: the expected mid-term losses from the merger will expand year-on-year.
On July 18th, Glorious Sun announced that as of June 30, 2024, the unaudited preliminary review of the comprehensive management accounts showed that the current group merger loss will increase to about 60-70 million Hong Kong dollars compared to the recorded consolidated loss of about 18.593 million Hong Kong dollars for the same period ended June 30, 2023. The main reason for the expected loss is the disposal loss of 72% of the share interest of Megaluck Company Limited, which the group sold on June 11, 2024. The company's sale of entertainment business was a significant loss.
Express News | New Silkroad Culturaltainment - Expected Result Due to Disposal Loss on Disposal of 72% of Interests in Megaluck on 11 June 2024
Express News | New Silkroad Culturaltainment Sees CONSOL Loss in Range of HK$60 Mln to HK$70 Mln for Six Months
NEW SILKROAD: PROFIT WARNING
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