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G.H.Y Culture & Media Anticipates FY2024 Net Loss and Currency Change

Story Highlights
  • G.H.Y Culture & Media expects a net loss for FY2024 due to a canceled tournament and declining profit margins.
  • The company will change its presentation currency to RMB to reflect business transactions better.
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G.H.Y Culture & Media Anticipates FY2024 Net Loss and Currency Change

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G.H.Y Culture & Media Holding Co., Ltd. ( (SG:XJB) ) has issued an announcement.

G.H.Y Culture & Media Holding Co., Ltd. has announced an expected net loss for the fiscal year ending December 31, 2024, primarily due to the cancellation of a soccer tournament and declining profit margins in its television, film, and concert production segments. The company is also changing its presentation currency from Singapore Dollars to Chinese Renminbi to better reflect its underlying business transactions.

More about G.H.Y Culture & Media Holding Co., Ltd.

G.H.Y Culture & Media Holding Co., Limited is incorporated in the Cayman Islands and is involved in the entertainment industry, focusing on television program and film production, as well as concert production.

YTD Price Performance: 15.71%

Average Trading Volume: 17,048

Technical Sentiment Consensus Rating: Buy

Current Market Cap: S$174M

For a thorough assessment of XJB stock, go to TipRanks’ Stock Analysis page.

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