If the net forex loss of $3.4 million is disregarded, GHY would have reported earnings of around $1.5 million.
"Whilst the foreign exchange loss recorded in 6M2023 has outpaced our operational profitability, we remain optimistic for FY2023 with our strategic priorities and plans ahead," says executive chairman Guo Jingyu.
With further resumption of its media production business, GHY expects to make a turnaround in FY2023.
GHY closed Aug 7 at 37 cents, down 1.35% for the day and down 13.1% year to date.
