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• Transmit Entertainment Announces 2018/19 Annual Results Revenue Surges by Over 143% to HK$668.1 Million

Jumat, 27 September 2019 05:29:00

Transmit Entertainment Announces 2018/19 Annual Results Revenue Surges by Over 143% to HK$668.1 Million

Leverages Outstanding Production Capability Actively Explores Development Opportunities in Film, Television and Media Industry

HONG KONG, - 25 September 2019 - Transmit Entertainment Limited ("Transmit Entertainment" or the "Company", together with its subsidiaries, the "Group"; stock code: 1326) today announced its audited annual results for the year ended 30 June 2019 (the "Review Year").
 
During the Review Year, the Group recorded satisfactory results, with revenue increased significantly by 143.3% year-on-year to HK$668.1 million.

Gross profit also climbed, rising by 89.5% to HK$262.3 million, with gross profit margin at approximately 39.3%. Benefiting from profit contributions from Houhai Culture and revenue growth from the production and distribution of the films "L Storm" (L風暴) and "The Invincible Dragon" (九龍不敗), loss attributable to owners of the Company for the Review Year reduced significantly by 81.3% from approximately HK$189.9 million in 2018 to approximately HK$35.5 million. The Group's financial position remained solid as at 30 June 2019, with the Group's bank balances and cash amounting to approximately HK$122.0 million.