Furthermore, the company, led by chairman Guo Jingyu (chairman) has suffered delays in contract signings with some of its customers in China because of on-going “tightened Covid-19 measures”.
GHY Culture & Media Holding expects to report a loss for its first half ended June, citing factors including unfavourable forex.
The company, while Singapore listed, operates mainly in China and the appreciation of the Singdollar versus the RMB has weighed down on its financial numbers reported in Singdollar.
