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GHY Culture & Media earnings for 2HFY2021 drops, eyes better FY2022

The Edge Singapore
The Edge Singapore3/1/2022 06:22 PM GMT+08  • 2 min read
GHY Culture & Media earnings for 2HFY2021 drops, eyes better FY2022
The company plans to pay a dividend of 0.1 cent per share, which translates into a payout ratio of around 30%.
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G.H.Y Culture & Media Holding’s earnings for 2HFY201 plunged 98% y-o-y to just $421,000, as the pandemic hurt the company’s media and concert production businesses.

Revenue for the same half year ended Dec 2021 was down 56% y-o-y to $39.5 million.

For the full year, the company reported earnings of $3.9 million, down 90% over FY2020; revenue, meanwhile, was down 34% to $83.3 million.

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