UNIVERSE ENT (01046) issues profit warning, expecting annual loss to increase to around HK$57-67 million.
Universal Entertainment Culture (01046) announced that the group expects to incur a loss of approximately... for the annual period ending on June 30, 2025.
UNIVERSE ENT(01046) announced that the group expects to incur a loss of approximately HK$57-67 million for the year ending June 30, 2025, compared to a loss of approximately HK$31.2 million for the same period in 2024.
The announcement stated that the increase in expected loss is mainly due to a decrease in revenue/expected revenue from film rights, production of films, and film-related advances, resulting in an impairment loss of approximately HK$46.9 million for the current year.
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