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Transmit Entertainment to Trim Loss in Fiscal Year 2021

MT Newswires ·  09/15/2021 18:22

06:22 AM EDT, 09/15/2021 (MT Newswires) -- Transmit Entertainment (HKG:1326) expects to narrow its net loss attributable to owners to between HK$5 million ($642,716) and HK$15 million for the year ended June 30, versus HK$126.6 million a year ago, according to a late Tuesday filing.

The media and entertainment company said the outlook was owing to a HK$110 million one-time gain from selling a partial stake in its film exhibition business, a lack of impairment losses, higher revenue from the agency and celebrity business, as well as increased merchandise sales.

Price (HKD): $0.14, Change: $0.14, Percent Change: -0.74%

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