MEI AH ENTER announced its annual performance, reporting a loss attributable to shareholders of HKD 56.682 million, an increase of 164.26% year-on-year
MEI AH ENTER announced its annual results for the year ended March 31, 2025, with revenue of approximately HKD 110 million, a year-on-year decrease of 6.36%. The loss attributable to the company’s owners was HKD 56.682 million, a year-on-year increase of 164.26%. The loss per share was HKD 0.96. The loss was mainly due to a decrease in revenue from the "channel business" and the "film screening and film copyright granting and transfer" segments, poor performance of certain films and musicals, and an increase in revaluation losses on investment properties
According to the news from Zhitong Finance APP, MEI AH ENTER (00391) announced its annual performance for the year ending March 31, 2025, with revenue of approximately HKD 110 million, a year-on-year decrease of 6.36%; the loss attributable to the company's owners was HKD 56.682 million, a year-on-year increase of 164.26%; the loss per share was HKD 0.96.
The announcement stated that the increase in net loss was mainly due to the decrease in revenue recognized in the "Channel Business" and "Film Screening and Film Copyright Grant and Transfer" segments (due to the renewal of contracts with franchised platform operators and the phased completion of contracts with several media platforms, resulting in a reduction in the delivery and completion of films under such contracts); several films released by the group and the performance of musical performances during the year were below expectations, and losses were anticipated; impairment provisions were made for the group's theater business properties, plants, and equipment, as well as right-of-use assets; and due to current market trends, the revaluation losses of investment properties increased
