HK Stock Market Move | Emperor Culture (00491) soared by 40%, and it is expected that the mid-term profit before tax and depreciation will increase to 60 million Hong Kong dollars, with a significant reduction in losses.

EMPEROR CULTURE (00491) surged by 40% as of the time of writing, reaching a price of 0.056 Hong Kong dollars with a trading volume of 1.3203 million Hong Kong dollars. In terms of news, EMPEROR CULTURE announced that the group expects its profit before interest, tax, depreciation, and amortization for the six months ending December 31, 2024 to increase significantly to not more than 60 million Hong Kong dollars. This improvement is mainly due to leasing-related income and effective cost control measures. Taking into account depreciation and finance costs, the group expects its net loss to narrow to not more than 60 million Hong Kong dollars in the current period, compared to a loss of 143.2 million Hong Kong dollars in the same period last year.