Emperor Culture Group (HK:0491) has released an update.
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Emperor Culture Group Limited reported an 8.4% increase in annual revenue to HK$494.5 million for the year ended June 30, 2024, driven by a recovering film industry in Mainland China and an expanded cinema network. Despite this, the company faced a net loss of HK$715.1 million, largely due to significant impairment allowances on assets. The Group also continued to develop its high-end cinema experience, opening new locations and enhancing technology across its cinema brands.
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