EMPEROR CULTURE (00491) announced its interim performance results, with a net loss attributable to shareholders of HK$56.823 million, narrowing by 60.3% year-on-year.

EMPEROR CULTURE (00491) announced its financial performance for the six-month period ending December 31, 2024. The total revenue was HK$243 million, a decrease of 9% compared to the same period last year. The net loss attributable to owners of the parent company was HK$56.823 million, a narrowing of 60.3% year-on-year. The basic loss per share was HK$0.018. The decline in total revenue during this period was attributed to weak consumer demand and a lack of hit movies. In recent years, changes in consumer habits and competition from streaming platforms have led to a transformation of cinemas - shifting from traditional functions of simply screening movies to becoming a center that integrates modern lifestyle, providing audiences with an affordable and comprehensive entertainment experience. Leveraging its "Emperor" brand established over the past decades, the group will continue to strengthen its core competencies to seize opportunities brought about by the rising disposable income and living standards in mainland China, as well as the consolidation of the film exhibition industry in Hong Kong, aiming to become a market leader and deliver sustainable returns to shareholders.