STAR CM Holdings Limited ( (HK:6698) ) has provided an announcement.
STAR CM Holdings Limited has announced a significant reduction in its net loss for the fiscal year 2024, reporting a loss between RMB120.0 million to RMB140.0 million, compared to a loss of RMB1,634.2 million in 2023. This improvement is largely due to the absence of a one-off impairment loss on goodwill recorded in 2023. However, the company continues to face challenges with low gross profit from its small-scale productions and losses from its joint ventures. Stakeholders are advised to await the final audited results, expected after March 27, 2025, and exercise caution when trading shares.
More about STAR CM Holdings Limited
STAR CM Holdings Limited is a company incorporated in the Cayman Islands, operating within the media and entertainment industry. The company focuses on producing various programs and investing in joint ventures, although it has faced challenges in generating significant gross profit from its productions.
YTD Price Performance: -42.74%
Average Trading Volume: 2,739,108
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$829M
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