Sing Tao News to Widen Loss in 2024

MT Newswires Live

03/12

Sing Tao News (HKG:1105) expects an attributable loss of around HK$85 million for the year 2024, up from HK$49 million a year prior, a Tuesday filing with the Hong Kong bourse said.

The magazine and newspaper publisher attributed the wider anticipated loss mainly to the absence of one-off grants from the US government that were received in 2023, as well as a decline in revenue.

Price (HKD): $0.24, Change: $-0.013, Percent Change: -5.10%

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