Brief: Huayi Tencent Entertainment Posts FY Loss From Cont Ops Hk$28.8 Mln

Hony Media

26/03/2020 09:21

March 26 (Reuters) - Huayi Tencent Entertainment Co Ltd
 0419.HK :
    * LOSS FOR YEAR FROM CONTINUING OPERATIONS HK$28.8 MILLION
VERSUS
LOSS OF HK$66.5 MILLION 
    * FY TOTAL REVENUE HK$99.3 MILLION VERSUS HK$109.2 MILLION
    * GROUP WAS NOT AWARE OF ANY MATERIAL ADVERSE EFFECTS ON
FINANCIAL
STATEMENTS AS A RESULT OF COVID-19
    * EXPECTS THAT THERE WILL BE FIVE FILMS TO BE RELEASED IN
SUCCESSION IN 2020 AND 2021 WHICH CO HAS CO-PRODUCED
    * CONFIDENT THAT THESE PRODUCTIONS WILL SIGNIFICANTLY BOOST
CO'S
REVENUE GENERATED FROM ENTERTAINMENT AND MEDIA OPERATION

Source text for Eikon:  ID:nHKS1LX5hr 
Further company coverage:  0419.HK 

 ((Reuters.Briefs@thomsonreuters.com;))