Transmit Entertainment Forecasts Steep Losses

Transmit Entertainment Ltd. (HK:1326) has released an update.

Transmit Entertainment Limited anticipates a significant net loss of HK$340 million to HK$370 million for the fiscal year ending June 30, 2024, doubling the previous year’s losses, primarily due to post-pandemic production delays and a substantial goodwill impairment. The company warns shareholders and potential investors to exercise caution when dealing with its shares, as the final annual results are yet to be confirmed and may differ from current estimates.

For further insights into HK:1326 stock, check out TipRanks’ Stock Analysis page.