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SINO-ENTERTAIN: NOTICE OF BOARD MEETING
Sino-Entertainment Technology to Narrow Loss in 2024
SINO-ENTERTAIN (06933.HK) released a profit warning, anticipating a decrease in net losses.
On March 5, Gelonghui reported that SINO-ENTERTAIN (06933.HK) announced that for the fiscal year ending December 31, 2024, it is expected that the group will record a net loss of approximately 40 million yuan, compared to a net loss of about 0.1046 billion yuan for the fiscal year ending December 31, 2023. The announcement stated that the decrease in net loss is primarily due to the combined effects of the following factors: (i) increased revenue from the joint issuance of third-party games and from the development and sale of games; (ii) reversal of previously recognized impairment based on expected Crediting loss model.
Express News | Sino-Entertainment Technology - Expected Result Due to Increase in Revenue From Co-Publishing of Third-Party Games in FY, Others
Express News | Sino-Entertainment Technology Holdings FY Net Income RMB -40 Million
SINO-ENTERTAIN: PROFIT WARNING - REDUCTION IN LOSS IN RELATION TO THE YEAR ENDED 31 DECEMBER 2024
