Media Chinese International Ltd (HK:0685) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
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.
For further insights into HK:0685 stock, check out TipRanks’ Stock Analysis page.