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The latest update is out from Universe Entertainment and Culture Group Company Limited ( (HK:1046) ).
Universe Entertainment and Culture Group Company Limited has issued a profit warning for the interim period ending 31 December 2024, anticipating a significant loss between HK$67.6 million and HK$77.6 million. This loss is primarily attributed to an increase in impairment loss on film rights, reflecting a decrease in expected income from these assets. Stakeholders are advised to exercise caution, as these figures are based on preliminary assessments and have not been audited.
More about Universe Entertainment and Culture Group Company Limited
Universe Entertainment and Culture Group Company Limited is a company incorporated in Bermuda with limited liability, operating in the entertainment and culture industry. The company and its subsidiaries focus on film rights and related entertainment activities.
YTD Price Performance: 9.38%
Average Trading Volume: 53,040
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$317.3M
For an in-depth examination of 1046 stock, go to TipRanks’ Stock Analysis page.
