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Transmit Entertainment Forecasts Turn to Profit in Fiscal H1

MT Newswires ·  {{timeTz}}

04:22 AM EST, 02/16/2022 (MT Newswires) -- Transmit Entertainment (HKG:1326) expects to swing to a profit attributable to its owners of between HK$4 million and HK$11 million ($512,702 to $1.4 million) in the fiscal six months ended Dec. 31, 2021 from a net loss of HK$79.7 million a year prior, according to a late Tuesday filing.

The media and entertainment company attributed the upbeat forecast to higher revenue from its film and TV series production and distribution segments due to the roll out of urban workplace TV series titled "The Ideal City" and hit reality show "The Detectives' Adventures" in 2021, as well as lower sales and distribution expenses of its film exhibition business.

Price (HKD): $0.13, Change: $0.00, Percent Change: -1.55%

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