Media Chinese (00685) announced its performance for the first three quarters. Shareholders' net loss decreased by 31.46% year-on-year to 4.129 million US dollars.
The World Chinese Media (00685) released its financial report for the first three quarters ending December 31, 2024, with revenue...
Media Chinese (00685) released its financial report for the first three quarters ending December 31, 2024, with revenue of 125 million US dollars, an increase of 9.43% year-on-year; a net loss attributable to shareholders of 4.129 million US dollars, a decrease of 31.46% year-on-year; and a basic loss per share of 0.25 US cents.
The announcement stated that the growth in revenue was mainly driven by the tourism division, with revenue in this division increasing by 41.2% to 45.052 million Hong Kong dollars compared to the same period last year. On the other hand, revenue in the publishing and printing division decreased by 2.9% to 79.531 million Hong Kong dollars year-on-year. Due to the increased contribution of profits from the tourism division and effective cost control across all business units, the group's pre-tax loss for the period narrowed compared to the same period last year.
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