The company, with its extensive operations in China, saw its earnings further hurt by unfavourable forex, as the RMB weakened against the reporting currency Singdollar, causing a $4.4 million hit.
GHY Culture & Media Holding has generated higher revenue of $73.7 million for FY2023, up 61% over the preceding year, as its businesses of film, drama and concert productions recovered from the pandemic.
However, no thanks to a credit loss allowance of $6.6 million, its bottom line remained at a loss of $9.8 million, slightly reduced from the preceding FY2022's $10.5 million.
