[Caihua Social News] Global Entertainment Culture (01046.HK) announced that the Group expects earnings for the six-month period ended December 31, 2021 to decrease significantly from about HK $237 million in the previous six-month period to about HK $4,000-50 million in the current period, and a loss of about HK $25 million to HK $35 million compared with a profit of about HK $47.8 million in the previous period.
The significant decrease in earnings and the increase in losses were due to the delayed premiere of the new films invested by the Group due to the novel coronavirus epidemic.