eSun Holdings (HK:0571) has released an update.
eSun Holdings, a company involved in film and TV production, music publishing, and cinema operation, expects to report a substantial increase in its consolidated loss for the year ended July 31, 2024, with a projected loss not exceeding HK$520 million, a significant rise from the previous year’s HK$198.8 million. The loss is primarily attributed to an increase in asset impairment. Investors are cautioned to exercise prudence when trading the company’s shares.
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