CULTURECOM HOLD released its annual performance, with a loss attributable to shareholders of HKD 27.963 million, an increase of 34.6% year-on-year

According to the Zhitong Finance APP, CULTURECOM HOLD (00343) announced its annual performance for the year ending March 31, 2025, with revenue of HKD 17.328 million, a year-on-year decrease of 14%; the loss attributable to shareholders was HKD 27.963 million, a year-on-year increase of 34.6%; basic loss per share was HKD 0.017.

During the period, revenue from publishing and intellectual property licensing slightly increased by about 5.9%, due to the increase in comic book publishing and intellectual property licensing business during the year.

Revenue from digital marketing business significantly decreased from approximately HKD 2.597 million for the year ending March 31, 2024, to approximately HKD 111,000 for the year ending March 31, 2025. The decrease in revenue was affected by the reduction in operational scale. To cope with the downward trend in business, the group prioritized preserving cash and working capital. The group continues to carry out voluntary liquidation of indirect non-wholly owned subsidiaries.

For the year ending March 31, 2025, the retail and wholesale segment achieved revenue from premium wine sales of approximately HKD 1.227 million (March 31, 2024: HKD 2.457 million). Although the economy in Hong Kong is recovering, the pace has slowed. Currently, there are no good opportunities for large-scale sales of premium wine. The group continues to work with consultants to develop sales and distribution channels for premium wine