Shaw Brothers Expects Return to Profit; Shares Gain 4%
MT Newswires Live
Aug 22
Shaw Brothers Holdings (HKG:0953) expects to post an attributable profit of about 6.7 million yuan for the first half of 2025, compared with a loss of 3.3 million yuan a year earlier, according to a Thursday Hong Kong bourse filing.
Shares of the film and event management firm gained over 4% in Friday morning trade.
Revenue is expected to rise to about 106 million yuan, up roughly 734% from the prior-year period.
The turnaround was mainly driven by higher revenue recognized from its films, drama, and non-drama business segments.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.