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Transmit Entertainment Reports Decreased Revenue but Reduced Losses for 2024

Story Highlights

Transmit Entertainment Ltd. ( (HK:1326) ) has issued an announcement.

Transmit Entertainment Limited reported a revenue of approximately HK$30.9 million for the six months ended 31 December 2024, marking a 21.8% decrease compared to the previous year. Despite the revenue drop, the company reduced its loss to HK$9.2 million from HK$23.7 million, primarily due to the absence of impairment losses on intangible assets this period. The board has decided not to recommend any interim dividend for this period.

More about Transmit Entertainment Ltd.

Transmit Entertainment Limited is a company incorporated in the Cayman Islands, focusing on developing its business primarily in Mainland China. The company operates in the entertainment industry, with its major source of revenue coming from this region.

YTD Price Performance: -11.43%

Average Trading Volume: 967,371

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$80.46M

For detailed information about 1326 stock, go to TipRanks’ Stock Analysis page.

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