tiprankstipranks
Company Announcements

Emperor Culture Group Anticipates Major Losses

Emperor Culture Group Anticipates Major Losses

Emperor Culture Group (HK:0491) has released an update.

Discover the Best Stocks and Maximize Your Portfolio:

Emperor Culture Group Limited has issued a profit warning, anticipating a net loss of up to HK$750 million for the year ended 30 June 2024, mainly due to a substantial impairment allowance exceeding the previous year’s figures. The company’s full audited annual results are expected to be published in late September 2024, with shareholders and potential investors urged to exercise caution when dealing with the company’s securities.

For further insights into HK:0491 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1