Media Chinese International Ltd (HK:0685) has released an update.
Media Chinese International Limited reported a stark decrease in gross profit for the fourth quarter ended March 31, 2024, as compared to the same period the previous year, according to their unaudited financial statements. The company witnessed higher costs of goods sold including a significant provision for impairment of assets, leading to an operating loss. Overall, the quarter saw a substantial loss, reflecting a challenging period for the media conglomerate.
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