CATHAY GP HLDGS issues a profit warning, expecting a significant increase in interim consolidated profits to approximately 140 million yuan
According to the Zhitong Finance APP, CATHAY GP HLDGS announced that it expects the group's unaudited consolidated profit to significantly increase from RMB 59.3 million for the six months ending June 30, 2024, to approximately RMB 140 million for the six months ending June 30, 2025. The significant growth in the group's unaudited consolidated profit is mainly attributed to the need to make additional provisions for impairment of major trade receivables and transitional loans included in other receivables for the film and television production and investment business during the reporting period
According to the Zhitong Finance APP, CATHAY GP HLDGS (01981) announced that it expects the group's unaudited consolidated profit to significantly increase from RMB 59.3 million for the six months ending June 30, 2024, to approximately RMB 140 million for the six months ending June 30, 2025.
The significant growth in the group's unaudited consolidated profit is mainly attributed to the additional impairment provision for major trade receivables and transitional loans included in other receivables for the film and television production and investment business during the reporting period
