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Linmon Media Limited ( (HK:9857) ) has provided an announcement.
Linmon Media Limited has issued a profit warning, indicating an expected net loss of approximately RMB180 million to RMB200 million for the year 2024, compared to a net profit of RMB213.6 million in 2023. This downturn is attributed to fewer drama series episodes being broadcasted, limited to online platforms, and early-stage investments in new businesses. Despite the anticipated losses, the company maintains a stable financial position with abundant cash flow.
More about Linmon Media Limited
Linmon Media Limited is a company incorporated in the Cayman Islands, operating in the media industry with a focus on producing drama series. The company primarily broadcasts its content through online platforms.
YTD Price Performance: 22.50%
Average Trading Volume: 29,642
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$1.22B
Find detailed analytics on 9857 stock on TipRanks’ Stock Analysis page.