(RTTNews) – Universe Entertainment and Culture Group Company Limited (1046.HK) on Friday reported a sharp drop in revenue for the first half of fiscal 2026, though its net loss narrowed significantly from the prior-year period.
For the six months ended December 31, 2025, total revenue fell to HK$57.8 million from HK$249.0 million a year earlier, mainly due to a steep decline in income from film distribution and exhibition, licensing and sub-licensing of film rights, which decreased to HK$31.5 million from HK$229.6 million.
The company posted a net loss of HK$9.9 million for the period, compared with a net loss of HK$74.7 million in the same period last year.
Total comprehensive loss for the period was HK$9.8 million, compared with HK$74.8 million a year earlier.
1046.HK closed Friday’s trading at HK$0.300 on the Hong Kong Stock Exchange.
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