Summary by Moomoo AI
Boa Entertainment, a listed subsidiary of New Life International Development Limited, announced on February 29, 2024 unaudited financial results for the fourth quarter and full year ended December 31, 2023. BOA Entertainment's fourth quarter total operating revenue reached US$1.09 million, an increase of 224% over the same period last year, mainly due to the easing of pandemic restrictions in Macau from January 2023 and improved results following the opening of the second phase of Sino Cinema. Despite the increase in operating income, Novo Boa Entertainment posted an operating loss of $9400 million in the fourth quarter, a decrease from the same period in 2022. Total operating income for the full year was $3.78 million, a significant increase over the previous year's $1.35 million. Adjusted Property EBITDA of $1.04 billion...Show More