Media Chinese International Second Quarter 2024 Earnings: US$0.001 loss per share (vs US$0.001 profit in 2Q 2023)

Media Chinese International (HKG:685) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$41.2m (up 13% from 2Q 2023).
• Net loss: US$2.19m (down by 262% from US$1.35m profit in 2Q 2023).
• US$0.001 loss per share (down from US$0.001 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Media Chinese International Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Media industry in Hong Kong.

Performance of the Hong Kong Media industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Media Chinese International (including 1 which is potentially serious).

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